Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
US Egg Producers Settle Price Manipulation Probe, Agree to Pay $3.3 Million and Donate 53 Million Eggs 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan 
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]
