Wellington Management today announced the strategic expansion of its Alternative Investments platform through the hiring of the investment team of Shelter Haven Capital Management, a market neutral, long/short equity manager that primarily focuses on small and mid-cap companies in the technology, media, telecom and consumer sectors. The terms of the expansion are not being disclosed.
Shelter Haven was founded in 2017 by Jerry Kochanski, an experienced alternatives portfolio manager, and currently oversees approximately US$350 million in client assets across separate accounts and commingled funds. Shelter Haven’s team of five investment professionals includes Hedge Fund Analysts Ross Hammer and Michael Yuan, and Research Associates Julia Karl and Alan Zhang, who will all be joining Mr. Kochanski at Wellington on 1 March.
“This exciting development represents a unique opportunity for Wellington to expand our alternatives capabilities with an experienced investment team and an established client base”
“The market neutral strategy also aligns well with our alternatives priorities and demand from our clients.”Christopher Kirk, Senior Managing Director, Wellington Alternative Investments
The Shelter Haven team will continue to manage the same market neutral, highly idiosyncratic investment strategy at Wellington. The strategy focuses on delivering returns that are uncorrelated with market betas, an approach that fits well with Wellington’s plans to expand its long/short platform and build out its suite of multi-strategy investment products and custom alternative solutions to meet increasing client demand for liquid alternatives.
“I am looking forward to returning to Wellington where I began my investment career in 2003 and served as an equity analyst until 2008,”
“Joining Wellington offers current and future clients the opportunity to access a breadth of capabilities, and benefit from the firm’s substantial global research, operational, risk, legal and compliance infrastructure.”Jerry Kochanski, Founder of Shelter Haven
The Shelter Haven investment team will maintain an investment office in Summit, N.J.