The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Abbott Doubles Down On a $7.3B-AUM Boutique Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, February 28, 2019

Abbott Doubles Down On a $7.3B-AUM Boutique

Reported by Neil Anderson, Managing Editor

Cooper Abbott is doubling down on a 13-year-old boutique with $7.3 billion in AUM. And succession is in the cards, too.

James Cooper Abbott
Carillon Tower Advisers
President, Chairman
St. Petersburg, Florida-based Carillon Tower Advisers [profile], the multi-boutique asset management arm of Raymond James, has agreed to buy the rest of San Diego, California-based ClariVest Asset Management, Abbott confirmed on Tuesday. Eagle Asset Management, another Carillon Tower boutique, bought a 45 percent stake in ClariVest in 2012, and once this new deal closes ClariVest will be wholly owned by Eagle.

Tiffany Ayres
ClariVest Asset Management LLC
President-Designate, Executive Vice President, General Counsel, Chief Compliance Officer
Pricing and terms of the new deal were not disclosed, but it is expected to close in April. Once it closes, Carillon Tower will have three arms: Eagle (which will include ClariVest), Cougar, and Scout (which includes Reams).

Meanwhile, ClariVest CEO and chief investment officer Stacey Nutt (also a founding principal and an owner) will become a senior advisor to the shop that he co-founded back in 2006. Executive vice president Tiffany Ayres, who joined later in 2006 and now serves as general counsel and chief compliance officer, will take over as president. She'll lead the firm day-to-day alongside non-U.S. and global strategies CIO David Vaughn and U.S. and alternative strategies CIO Todd Wolter.

Stacey Ross Nutt
ClariVest Asset Management LLC
Outgoing CEO, Chief Investment Officer, Founding Principal
"This orderly transition will ensure that the next generation of leadership continues ClariVest's long-standing investment process, culture, and track record of delivering excellent service to it institutional clients," Nutt states.

ClariVest is an institutional asset manager and mutual fund subadvisor that invests across a wide variety of equities with a behavioral, opportunistic approach. Abbott, president of Carillon Tower, sees the deal building "an even stronger connection between Carillon Tower's distribution capabilities and ClariVest's unique investment products."

As of January 31, Carillon Tower had $64.6 billion in AUM, and ClariVest had $7.3 billion. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. ETF.com Awards 2020, April 20
  2. The 31st Sub-Advised Funds Forum, Apr 20-21
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  5. MMI Summit 2021, Apr 21-22
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. Nicsa webinar - Diversity Data: What is at stake? Business, Reputation and Talent, April 22
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. IMEA In Session - Post-Covid Sales Coverage, April 27
  13. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  14. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  15. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  16. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  17. ICI 2021 General Membership Meeting - Day 1, May 6
  18. Emerging Manager Forum USA, May 12-14
  19. ICI 2021 General Membership Meeting - Day 2, May 13
  20. 2021 FINRA Annual Conference, May 18-20
  21. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  22. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  25. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  26. ICI 2021 Operations and Technology Conference, May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use