The B. Riley equity composite is up 35 percent over the past 12 months, compared with 20 percent for the S&P 500 index.
“We’ve been approached by people saying, if you put together something that mimics this index, it would be a great investment vehicle,” Bryant said. “This was the natural next step – access for individuals to our research product.”
The mutual fund holds shares in about 130 companies, most of them with market capitalization of $2 billion or less.
Westwood asset management firm MetWest Ventures launched a new investment business last month, debt investor Aristotle Credit Partners, after hiring a team from downtown L.A. bond investment manager Bradford & Marzec.
Aristotle will invest in corporate bonds – both investment grade and high yield, or so-called junk bonds – as well as bank loans and other forms of corporate debt. The firm is led by senior partners and portfolio managers Michael Hatley and Douglas Lopez. Lopez was previously a senior portfolio manager at Bradford & Marzec. Hatley is also a senior partner at another MetWest Ventures affiliate, West Gate Horizons Advisors.
West Gate invested in bank loans and collateralized loan obligations, but will transfer its bank loan business to Aristotle.
Hatley said the goal for MetWest is to offer a wider array of investment types, including corporate bond investments not offered by West Gate.
Aristotle has a team of 15, including four hires from Bradford & Marzec.
Olivier de Givenchy has been named head of the western U.S. market for wealth manager JPMorgan Private Bank, putting him in charge of the firm’s operations west of Chicago. Givenchy was formerly head of the private bank in the United Kingdom. He is the nephew of Hubert de Givenchy, founder of the French fashion design firm.
Staff reporter James Rufus Koren can be reached at firstname.lastname@example.org or (323) 549-5225, ext. 225.
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