A Boston-area mutual fund shop just did a third mutual fund adoption, and they’re prepping more.
“We’re about to do one more, probably in June, and possibly a third [in 2018] in July,” Peter DeCaprio, President of Crow Point Partners, tells MFWire.
DeCaprio and Ryan Thibodeaux, president of Baton Rouge, Louisiana-based Goodwood Advisors, confirmed that yesterday Hingham, Massachusetts-based Crow Point recently adopted Goodwood’s Goodwood SMID Long/Short Fund, with Crow Point taking over as the $14-million fund’s advisor and Crow Point affiliate Cold Creek Capital taking over as the fund’s subadvisor. The fund will rebrand.
Crow Point did not work with a consultant or investment bank on the deal, DeCaprio confirms.
Crow Point now offers eight mutual funds and five SMA strategies, and the firm has $900 million in AUM. For future
adoptions, the Crow Point team is especially interested in funds that offer one of several types of strategies: large cap growth, global macro, or small cap growth.
“We have a large cap growth team that has a really good track record. We have a global macro team that has a really good track record. We have a small cap growth team that has a really good track record,” DeCaptrio sasy. “Obviously we want to fish close to those piers.”
As for Goodwood, the firm will be teaming up with Crow Point. “We’re actually building closer ties to Goodwood now,” DeCaprio says. “They’re helping us with a host of other marketing and branding issues, which they’re quite good at … It’s a great combo.”
Crow Point is keeping “all of the vendors” in place on the Goodwood fund, DeCaprio says.
“We’re leaving all of the infrastructure in place,” DeCaprio says.
Source: Mutual Fund Wire
About Crow Point Partners
Crow Point Partners, LLC is a $900 million 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 Funds and launched the Crow Point Funds in 2012. Today, the Crow Point family of Funds includes 10 traditional and alternative open-end mutual funds, as well as 3 target date funds.
More information about the Crow Point Small Cap Growth Strategy can be found here.
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.