November 1, 2018 – Hingham, MA – Crow Point Partners, LLC announced that the Crow Point Global Tactical Allocation Strategy, Crow Point Small Cap Growth Strategy, and Crow Point Large Cap Growth Strategy have received Morningstar’s four-star rating based on overall performance ending 9/30/2018.
“We are pleased to receive these Morningstar ratings and proud of the investment team here at Crow Point Partners for their hard work”, commented Peter DeCaprio, President of Crow Point Partners. "These ratings from Morningstar provide added validation of how our disciplined investment philosophy and process has produced strong results for our clients over the long term", he added.
The Crow Point Global Tactical Allocation Strategy serves an active portfolio completion role within a client’s overall asset allocation. David Cleary joined Crow Point in 2017 and began implementing the strategy as portfolio manager of the Crow Point Global Tactical Allocation Fund (CGHIX). Previously, he managed the strategy at Lazard Asset Management since inception in 2008.
The Crow Point Small Cap Growth Strategy is sub-advised by Cold Creek Capital, Inc, an affiliate of Crow Point Partners whose investment team have spent a combined 50 years managing Small & Mid Cap Growth portfolios at some of the world’s most well respected asset management firms, including John Hancock Advisors, Congress Asset Management, and Baring Asset Management. In May 2018, Cold Creek began implementing the strategy as portfolio manager of the Crow Point Small-Cap Growth Fund (GAMIX).
The Crow Point Large Cap Growth Strategy seeks superior risk-adjusted returns by allocating capital to large cap companies that demonstrate earnings growth and consistently high levels of profitability. The strategy has a 19-year track record and received a five star rating from Morningstar based on a 3-year basis as of 9/30/2018.
More information on these strategies and other Crow Point offerings can be found here.
About Crow Point Partners
Crow Point Partners, LLC is a $1billion asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Separate account composites and launched the Crow Point Separate account composites in 2012. Today, the Crow Point family of Separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.
About Morningstar, Inc and the Star Rating System
The Morningstar Rating TM for separate account composites, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
©2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
ABOUT THE AUTHOR
Patrick Mullin, CFA is a Managing Director at Crow Point Partners
Patrick has spent over 25 years in the financial services industry in roles ranging from equity trading and institutional sales to equity analysis and portfolio management. Most recently, Mr. Mullin was the Founder and CIO of Ardara Capital, LP, a small and mid capitalization hedge fund. Prior to Ardara Capital, Mr. Mullin was COO at DeepDive Automated Research, a technology company automating the financial research process, where he was responsible for fostering important client and strategic relationships. At Lazard Asset Management, Mr. Mullin was an analyst covering the energy, technology and healthcare sectors and served as the Portfolio Manager for the Lazard U.S. Small Cap Product overseeing $3 billion in AUM...
To read Patrick Mullin's full bio or other Crow Point team members, click here.