Turner Investment Partners To Join IPO Parade
Turner Investment Partners has added a director of alternative investments as it prepares to join the growing ranks of asset management IPO’s:
We are pleased to announce a new addition to our investing team, Matt Glaser, who joins Turner in the newly created position of director of alternative investments. He began with us on October 22 and reports to Chairman/Chief Investment Officer Bob Turner.
With Matt’s hiring, we are more formally embracing alternative investment strategies and the 130/30 and long/short markets. As many of you know, we have been running several of these strategies for close to three years now.
Matt is responsible for developing and leading our efforts to offer 130/30 and long/short equity portfolios. He’ll work with both the investment and distribution teams to help enhance portfolio construction and the marketing of these portfolios.
Matt joins the firm from his most recent position as managing director and co-founder of alternative-investment-fund agent Granite Hill Partners, LLC, based in New York. Prior to that, he served as head of institutional equity sales for Susquehanna International Group, based in Bala Cynwyd, Pennsylvania.
He earned an MBA degree in finance from Columbia University in 1995 and a bachelor of arts degree in history from Wesleyan University in 1987. TIP
The prospects of an IPO were enough to enable the firm recnetly recruit analyst Sam Chang to leave Honolulu, Hawaii to to join Tom DiBella’s Hartford, CT based core/value-stock investment team. Enjoy the winter, Sam.
Turner manages over $25 billion in its various strategies and announced on September 18th that it had hired Goldman Sachs as the sole book runner for the offering.
The IPO of Pzena Investment Management (PZN-NYSE) took place earlier this week, and while the stock is not lighting the world on fire it is holding the syndicate bid. The IPO’s of Och-Ziff and possibly AQR might still be on the table, and starry eyed money managers no doubt hope to emulate the success of BlackRock (BLK-NYSE) whose stock seems to know only one direction.
Higher, printing $202 today. Sweet.
Turner Investment Partners
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