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Thursday, February 28, 2019|
Abbott Doubles Down On a $7.3B-AUM Boutique
Cooper Abbott is doubling down on a 13-year-old boutique with $7.3 billion in AUM. And succession is in the cards, too.
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.
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.
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