MutualFundWire.com: In Boston, an Alts ETF Shop Turns 25

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Wednesday, March 5, 2025

In Boston, an Alts ETF Shop Turns 25

The folks at a global, multi-strategy alternative asset management boutique in Massachusetts are celebrating their silver anniversary.

On Monday (March 3), Vince Lorusso, president and CEO of Clough Capital Partners L.P. [profile], and Chuck Clough, chairman and chief investment officer, highlighted the 25th birthday of the shop. Clough founded his eponymous firm in 1999, and Lorusso confirms that the shop first began managing client assets on March 1, 2000.

Since then, Clough Capital has grown into an 11-person team, serving $1.3 billion in AUM (as of January 31, 2025). That team, Lorusso confirms, supports eight strategies, including two ETFs (after adopting into the ETF space in 2023), three closed-end funds, two limited partnerships, and one separate account.

A mindset focused on "continuous learning" drove the evolution of Clough Capital over its first 25 years, Lorusso tells MFWire via email. He divides that journey into three parts:

Chapter 1: Characterized by strong performance, significant growth in personnel, strategies, and assets.
Chapter 2: Introduced challenges for their style of active management, resulting in a period of normalization, elements of over-diversification, and the need to rationalize product offerings.
Chapter 3: Began in August 2023 with the return of Vince Lorusso as CEO and Portfolio Manager of two Actively Managed ETFs (CBLS and CBSE). This phase also marks a renewed commitment to high-conviction portfolios and a client-centric mindset.

Clough describes his team as focusing on identifying "opportunities generally overlooked within the capital markets."

"Clough Capital was built on rigorous research, independent thinking, and a global perspective," Clough states. "As we celebrate this milestone, our focus remains on delivering differentiated investment strategies that meet the challenges and opportunities of tomorrow."

Looking ahead, Lorusso foresees the Clough Capital team continuing "a commitment to their proud legacy and promising future" while having "continued focus on providing Access, Insights, and Integrity for their clients." He expects his team to adapt "to industry trends, which are expected to move their boutique style of crafting portfolios further towards Actively Managed ETFs," while maintaing an "emphasis on maintaining risk-adjusted returns for clients."

Printed from: MFWire.com/story.asp?s=69602

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