DENVER, Oct. 04, 2016 -- 361 Capital, a leading boutique asset manager offering alternative strategies to institutions, investment advisors and their clients, today announced the strategic acquisition of BRC Investment Management, LLC. BRC Investment Management is a global equity asset manager focused on delivering innovative, behavioral-based solutions to its clients.
BRC Investment Management is a pioneer in developing proprietary algorithms designed to monetize market inefficiencies in order to pursue consistent alpha for client portfolios. BRC Investment Management brings unique and complementary investing skills and time-tested strategies, including large, mid and small cap, as well as Japanese All-Cap Equity to 361’s product offering.
“We are thrilled to be adding BRC Investment Management’s highly experienced team to further our vision of being a world-class investment management firm specializing in distinctive solutions rooted in behavioral finance,” said Tom Florence, President and Chief Executive Officer of 361 Capital. “Incorporating BRC Investment Management into our platform broadens our capabilities and expands our distribution footprint across both institutional and intermediary channels.”
“361 Capital’s highly regarded industry reputation and similar focus greatly expands our opportunity to drive meaningful alpha for our institutional clients and for a wider range of new investor portfolios,” said John Riddle, Managing Principal and Chief Investment Officer of BRC Investment Management. “Both organizations have a strong research-oriented approach and look to capitalize on the many biases and heuristics that drive investor decisions.”
The transaction is expected to close by October 31, 2016, and upon completion of the acquisition the firms will combine under the 361 Capital name.
About 361 Capital
361 Capital is an award-winning* boutique asset manager focused on delivering an array of innovative alternative investment strategies to institutions, financial intermediaries and their clients. Founded in 2001, the Firm specializes in creating distinctive portfolio solutions using behavioral-driven, quantitative methods to help advisors and institutions better understand and manage portfolio risk. 361 Capital is majority employee-owned and has strategic partnerships with Lovell Minnick Partners, a private equity firm specializing in investing in financial and related business services companies, and Lighthouse Investment Partners, which invested in the business in 2014. For more information, call 866.361.1720 or visit www.361capital.com.
About BRC
Founded in 2005, BRC Investment Management (Bounded Rationality Concepts) is a global equity asset manager focused on delivering innovative, behavioral-based solutions to its clients. The Firm is a pioneer in developing proprietary algorithms designed to monetize behavioral biases and market factors in order to pursue consistent alpha for client portfolios. BRC was formed as a result of an amicable separation of the U.S. equity investment team from Duff & Phelps Investment Management Co. BRC utilizes the same U.S. equity investment philosophy, process and performance track record that dates back to 1996.
*Awards: WealthManagement.com 2016 Industry Awards, Winner & 2015 Industry Awards, Finalist: Alternatives Asset Manager, http://awards.wealthmanagement.com. The WealthManagement.com Industry Awards recognizes the alternatives asset manager that has made an ‘outstanding contribution’ in adding a new initiative/program or enhancing an existing platform that improves advisors’ understanding, usage, & portfolio management of alternatives.
Investment Advisor-Prima Capital’s 8th annual Separately Managed Account Managers of the Year – BRC Investment Management named 2012 U.S. Large-Cap Equity SMA Manager of the Year. The SMA Managers of the Year awards recognize those products that have at least $200 million in assets and have tenured management of at least three years. Products and managers must rate highly according to Prima’s due diligence process, which uses a proprietary, systematic, multifactor manager evaluation methodology that combines both quantitative and qualitative criteria. There are 13 factors that the Prima analysts consider before recommending the finalists for SMA Managers of the Year, including performance, firm, people, process, style, customer service, tax efficiency and composite.
Mo Shafroth 720-470-3653 [email protected] Jennifer Brookfield 303-224-3914 [email protected]