cp_logo

 

 

 

 

Mutual Fund Wire: After Its Third Adoption, a Beantown
Shop Preps More

A Boston-area mutual fund shop just did a third mutual fund
adoption, and they’re prepping more.

“We’re about to do one more, probably in June, and possibly a
third [in 2018] in July,” Peter DeCaprio, CEO of Crow Point
Partners, tells MFWire.

DeCaprio and Ryan Thibodeaux, president of Baton Rouge,
Louisiana-based Goodwood Advisors, confirmed that
yesterday Hingham, Massachusetts-based Crow Point recently
adopted Goodwood’s Goodwood SMID Long/Short Fund, with
Crow Point taking over as the $14-million fund’s advisor and
Crow Point affiliate Cold Creek Capital taking over as the
fund’s subadvisor. The fund will rebrand.

Crow Point did not work with a consultant or investment bank on
the deal, DeCaprio confirms.

Crow Point now offers eight mutual funds and five SMA
strategies, and the firm has $900 million in AUM. For future
adoptions, the Crow Point team is especially interested in funds
that offer one of several types of strategies: large cap growth,
global macro, or small cap growth.

“We have a large cap growth team that has a really good track
record. We have a global macro team that has a really good track
record. We have a small cap growth team that has a really good
track record,” DeCaptrio sasy. “Obviously we want to fish close to
those piers.”

As for Goodwood, the firm will be teaming up with Crow Point.
“We’re actually building closer ties to Goodwood now,” DeCaprio
says. “They’re helping us with a host of other marketing and
branding issues, which they’re quite good at … It’s a great
combo.”

Crow Point is keeping “all of the vendors” in place on the
Goodwood fund, DeCaprio says.

“We’re leaving all of the infrastructure in place,” DeCaprio says.

Source: http://www.mfwire.com/common/artprint2007.asp?storyID=58053&wireid=2

 

About Crow Point Partners

Crow Point Partners, LLC is a $900 million asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Separate account composites and launched the Crow Point Separate account composites in 2012. Today, the Crow Point family of Separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.

 

cp_logo

 

 

 

 

Crow Point Small Cap Growth Composite Receives Morningstar® Rating

Three Stars Overall from Morningstar®, as of 3/31/2018, Out of 266 Composites in the US SA Small Growth Category, based on risk-adjusted returns

May 15, 2018 – Hingham, MA – Crow Point Partners, LLC announced that the Crow Point Small Cap Growth Composite received Morningstar’s three-star rating within the research firm’s Small Cap Growth category based on three-year performance ending 3/31/2018.

“We are pleased to receive the 3-star Morningstar rating and proud of the investment team at our affiliate, Cold Creek Capital, for their hard work” commented Peter DeCaprio, CEO of Crow Point Partners.

“As we made our three-year anniversary as an independent money manager last year, we partnered with Crow Point to better focus on stock selection and portfolio management” remarked Alan Norton, co-Founder of Cold Creek.

The Crow Point Small Cap Growth strategy is offered as a Separately Managed Account as well as a Mutual Fund.

 

About Crow Point Partners

Crow Point Partners, LLC is a $900 million asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Separate account composites and launched the Crow Point Separate account composites in 2012. Today, the Crow Point family of Separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.

About Cold Creek Capital

Cold Creek Capital, Inc. is an emerging asset manager founded by Alan Norton and Thomas Norton in 2014. The Nortons have been managing Small and Mid-Cap strategies since 1999 at firms such as Congress Asset Management and John Hancock and will manage the Fund’s portfolio in a similar manner.

 

About Morningstar, Inc and the Star Rating System

The Morningstar Rating TM for separate account composites, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

 

©2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results

Goodwood Advisors, LLC and Crow Point Partners, LLC announced today that an Adviser transition plan for the Goodwood SMID Long/Short Fund (the “Fund”) was approved by Shareholders and the Board of Trustees. Effective today, Crow Point Partners, LLC has become Adviser to the Fund, and Cold Creek Capital, Inc., a Crow Point affiliate, has become sub-Adviser with primary portfolio management responsibilities.

“After four years managing the Fund, we chose to pursue a Fund ‘adoption’ partner that could offer both portfolio management and operational excellence,” said Ryan Thibodeaux, President of Goodwood Advisors. “Crow Point has the scale of a large diversified Fund Family, and its affiliate Cold Creek brings decades of investment management experience that we think will add value for current and future shareholders,” he added.

“We are pleased to incorporate the Goodwood Fund into the Crow Point fund family and thrilled to offer the Cold Creek small cap strategy in a mutual fund format,” commented Peter DeCaprio, CEO of Crow Point Partners. “As we made our three-year anniversary as an independent money manager last year, we partnered with Crow Point to better focus on stock selection and portfolio management, “remarked Alan Norton, co-Founder of Cold Creek.

“When Goodwood came to us with this idea, we knew immediately that it was a perfect match, and they have helped make this a seamless transition,” concluded DeCaprio.

There are no material changes proposed with respect to the Fund’s investment objectives or the Fund’s Prospectus. However, the name of the Fund will change, and the management fee will be decreased to 0.84% with an expense cap of 1.35%, from 1.25% and 1.70% currently.

 

 

About Crow Point Partners

Crow Point Partners, LLC is a $900 million asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Separate account composites and launched the Crow Point Separate account composites in 2012. Today, the Crow Point family of Separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.

About Cold Creek Capital

Cold Creek Capital, Inc. is an emerging asset manager founded by Alan Norton and Thomas Norton in 2014. The Nortons have been managing Small and Mid-Cap strategies since 1999 at firms such as Congress Asset Management and John Hancock and will manage the Fund’s portfolio in a similar manner.

Reprinted from Press Release Jet

RVX Asset Management, LLC and Crow Point Partners, LLC announce the launch of the RVX Emerging Markets Equity Fund, a new open-ended mutual fund on the 360 Funds Trust focused on emerging and frontier markets. Crow Point will serve as Adviser, and RVX Asset Management, will serve as sub-Adviser with primary portfolio management responsibilities. M3Sixty Administration, LLC will be handling administration of the new fund with its affiliate, M360 Distributors, LLC, (“M3SixtyD”) performing distribution

“We are very happy to partner with Crow Point in this venture,” said Ray Zucaro, RVX’s Founder and CIO.“They are an experienced adviser with great resources, and they have built out a high quality and robust fund infrastructure which allows us to focus on our core competency, which is managing emerging and frontier market strategies.”

Peter DeCaprio, Crow Point’s CEO said “we are delighted to have RVX join us in this new venture, our fourth Crow Point branded fund with M3Sixty Administration, LLC (“M3Sixty”).RVX has a very enviable long-term track record in the strategy.The Fund’s Co-Portfolio Managers, Cindy New and Robin Kollannur, are very savvy and bring to us decades of focused emerging market equity experience and deep relationships.”

DeCaprio continued: “We and RVX manage money in a very similar manner.As we do, RVX combines quantitative screening with bottom-up fundamental analysis and then applies country-specific factors.It’s been a good approach for us and them over many market cycles.”

The Fund, which will have an institutional and investor share class, will have a total expense cap of 1.25% on the institutional share class, which is lower than the Morningstar category average.The fund will be available through M3SixtyD on most major platforms under the tickers RVEMX and RVXEX for the institutional and investor shares classes, respectively.

Crow Point Partners, LLC is a $900 million asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Funds and launched the Crow Point Funds in 2012. Today, the Crow Point family of Funds includes 10 traditional and alternative open-end mutual funds, as well as 3 target date funds.

RVX Asset Management, LLC, located in Aventura, Florida was founded in 2015 with over $150 million in assets under management. RVX currently has 11 professionals focused on equity and fixed income strategies in the emerging and frontier markets.Like Crow Point, RVX is primarily employee-owned and the firm offers its solutions to investors through separately managed accounts and private and public funds.

M3Sixty is a full-service mutual fund service provider with multiple shared series trust solutions that delivers mutual fund accounting, transfer agency and fund administration through a cost efficient platform.Led by the leadership team of Randy Linscott, CEO, Brandon Byrd, COO, and András Teleki, Chief Legal and Compliance Officer, M3Sixty is headquartered in Fairway, KS, with affiliate operations inNew York, Pennsylvania and Washington DC.M3SixtyD, our affiliated broker-dealer, is dedicated to supporting the asset gathering, marketing and distribution initiatives of our mutual fund clients as part of our full service commitment. To meet this goal, M3SixtyD has put in place underwriting agreements and distribution relationships on behalf of our fund clients with a large number of brokerage firms, including some of the largest and most important mutual fund distribution platforms in the space. Brandon Byrd serves as the broker-dealers’ chief executive officer and Ted Akins is charged with leading the daily firm operations and has been an integral part of introducing, on-boarding and executing distribution arrangements.

You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-244-6235 or log on to www.cppinvest.com for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. 

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

Reprinted from Reuters

NEW YORK (Reuters) – Investors raised their bets against Tesla Inc shares by 10 percent since mid-March on the view that the market was too optimistic on the electric car maker’s prospects, financial analytics firm S3 Partners said on Tuesday.

Tesla shares sold short now stand at 31.5 million, or 25 percent of freely available shares, S3 Partners said. Short-sellers aim to profit by selling borrowed shares in the hope of buying them back later at a lower price.

Pressure has been building on Tesla to show it can churn out its less-expensive Model 3 sedans without raising more cash. A fatal Tesla Model X car crash in California on March 23 also pressured share prices as well as the company’s options and debt-market rating.

“This is a once-in-a-lifetime short,” said Peter DeCaprio, partner at Crow Point Partners LLC.

“It’s like the perfect storm of elements that you need in a short thesis. Usually you try to find three or four good ones, this has got 15. It’s everything. But everything is magnified because of the valuation.”

Tesla on Tuesday sought to quash any speculation it might need to raise more capital this year and also announced it built 2,020 of its Model 3 sedans in the last seven days.

Tesla’s battered shares rose 6.7 percent to trade at $269.42 on Tuesday afternoon, still well below the 12-month peak of $389 last September. The company did not respond to a request for comment.

Billionaire investor David Einhorn, who has been betting for months that Tesla’s stock price will fall, did not mention the carmaker by name in his quarterly letter to clients on Tuesday.

Tesla is part of Einhorn’s so-called bubble basket, which also includes bets against Amazon.com Inc and Netflix Inc. While conventional wisdom suggests recent turbulence in these stocks could have benefited short-sellers like Einhorn’s Greenlight Capital Inc, Einhorn said the shorts did not perform as he hoped this year.

DeCaprio called Tesla’s production numbers “irrelevant” to him because the company has not proven it can “build a car without incinerating boatloads of cash in the process.”

JPMorgan Chase & Co strategists said in a note that the options market is underpricing Tesla risks and the shares “may be unable to escape a continued sell-off as a confluence of unfortunate events may seal its fate” regardless of production results.

Short-seller Jim Chanos of Kynikos Associates LP told Reuters in November he continued to add to his short position in Tesla throughout 2017.

Reporting by Jennifer Ablan and Trevor Hunnicutt in New York; Additional reporting by Svea Herbst-Bayliss in Boston and Saqib Iqbal Ahmed in New York; Editing by Matthew Lewis and David Gregorio

FAIRWAY, KS – – On October 14th, 2017 M3Sixty successfully converted the flagship funds of Crow Point Partners, headquartered in Hingham, MA.The three funds to be serviced by M3Sixty will be:

– The Crow Point Alternative Income Fund (AAIFX),

– The Defined Risk Global Equity Income Fund (CGHAX, CGHIX),

– The EAS Crow Point Alternatives Fund (EASAX, EASYX, & EASIX).

Each fund employs a distinctive strategy, collectively the Crow Point mission is to offer sophisticated, institutional-quality alternative investment offerings to retail investors while minimizing losses and focusing on risk adjusted returns.

Said Peter DeCaprio, Crow Point’s CEO and co-founder, “We are extremely happy tobe associated with M3Sixty. Small firms like us need vendor partners that understand the unique challenges faced by smaller, emerging managers. We were impressed by M3Sixty’s commitment to cost-containment which will end up benefitting our shareholders, and the quality of service we have received has been exceptional.”

Randy Linscott, President & CEO of M3Sixty, added “We are delighted to partner with the Crow Point Funds and deliver top flight service to innovative, boutique firms like Crow Point. The Crow Point leadership team is on the cutting edge of strategic investing and we are excited to service their existing portfolio as well as support bringing additional product to the marketplace. I believe strongly in a win/win pricing approach that facilitates new fund launches and enhances the prospect of long-term, mutual success. We believe Crow Point’s selection of M3Sixty validates our position as the choice for firms looking for value and uncompromised service in today’s dynamic environment.”

Specifically, the EAS Alternatives Fund seeks positive returns in all market conditions with less volatility and low correlation to broader equity bond indices, while the Defined Risk Global Equity Income Fund provides investors with high current income, modest capital appreciation andrisk controls to minimize losses in down markets. The Fund invests globally in high quality, highdividend-paying stocks. The Crow Point Alternative Income Fund pursues attractive risk- adjusted total returns over a full market cycle with less volatility and lower correlation when compared to broad fixed income and other alternative investment market indices. It blends income producing fixed income holdings with dynamic hedging and risk management.

M3Sixty is a full-service, back office mutual fund provider with multiple shared series trust solutions that delivers accounting, transfer agency and fund administration through a cost efficient platform. Led by the leadership team of Randy Linscott, CEO, Brandon Byrd, COO, and András Teleki, Chief Legal and Compliance Officer, M3Sixty is headquartered in Fairway, KS, with affiliate operations in Pennsylvania.

For additional information contact:

Brandon Byrd
(816) 787-0718
Brandon.Byrd@m3sixty.net
Peter DeCaprio
(781) 875-3185
Pdecaprio@crowpointpartners.com

You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-244-6235 or log on to www.cppinvest.com for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

Crow Point Partners, LLC serves as Investment Adviser to the Funds which are distributed by Matrix 360 Distributors, LLC.

Media Contact

Company Name: M3Sixty Administration, LLC
Contact Person: Brandon Byrd
Phone: 816-787-0718
Country: United States
Website: www.M3SIXTY.net

.

(C) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

Cold Creek Capital to use Crow Point’s Outsourced Back Office Solution

HINGHAM, Mass.–(BUSINESS WIRE)–Crow Point Partners (“CPP” or “Crow Point”), an investment advisor providing global alternative investment management solutions, today announced that it had entered a strategic partnership with Cold Creek Capital (“Cold Creek”). The two Boston-based boutique managers will collaborate on existing investment strategies. Additionally, Crow Point will provide Cold Creek with an outsourced operations platform.

Thomas Norton, one of Cold Creek’s founders, said of the new relationship with Crow Point, “Infrastructure costs are a burden on boutique firms like ours. By utilizing Crow Point’s operations expertise, we can direct more resources toward the investment management process which will benefits our investors. We also look forward to being able to utilize Crow Point’s proprietary research and risk management tools.”

According to Crow Point CEO Peter DeCaprio, “We can level the playing field for small managers by offering a complete outsourced operations platform at a fraction of the cost of an in-house solution, freeing managers to focus on what matters – performance and asset raising. Also, we are looking forward to gaining access to Cold Creek’s differentiated growth stock research and adding Cold Creek strategies to our product lineup.”

About Cold Creek Capital, Inc.
Cold Creek Capital is an independent investment advisor, registered in Massachusetts. Cold Creek is known for its fundamental, bottom-up investment process focused on emerging and leading growth companies. Cold Creek is committed to high touch client service for both institutional and individual investors. We welcome inquiries at tnorton@coldcreekcapital.com

About Crow Point
Crow Point Partners, founded in 2006, manages approximately $1 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, alternative or hedged equity strategies, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com

Contacts

Crow Point Partners
Diane DeCaprio, 781-875-3185
dgd@crowpointpartners.com

Reprinted from Business Wire

BOSTON–(BUSINESS WIRE)–Crow Point Partners (CPP) is pleased to announce that David R. Cleary, CFA, will be joining the firm as a principal and portfolio manager and head of the firm’s newly launched global macro strategies group. Mr. Cleary, formerly a portfolio manager and global head of the $26 billion fixed income group at Lazard Asset Management, brings to Crow Point more than 30 years of portfolio management experience in the global investing space over a wide range of asset allocation and fixed income strategies.

Mr. Cleary will oversee and help manage the firm’s global asset allocation mutual funds and SMA’s and will assist with other investment strategies offered by the firm. Commenting on Mr. Cleary joining the firm, Peter DeCaprio, Crow Point’s CEO and co-founder, said: “We are delighted to have an experienced hand like Dave join our team. He will add value immediately in an asset class that has become an essential component of any diversified portfolio. His skill set will allow us to bring new, innovative global investment strategies to the market.”

Mr. Cleary stated: “I am delighted to join Crow Point. The combination of Crow Point’s deep fundamental expertise coupled with a highly quantitative skill set allows us to bring unique, rules-based strategies to the market. Crow Point has built compelling solutions for those investors seeking alternative income and global alternative equity strategies that are so relevant today.”

Mr. Cleary started his professional career in 1987 after graduating from Cornell University with a B.S. in Business Management and Applied Economics. He is also a CFA charterholder.

Crow Point Partners, founded in 2006, manages approximately $800 million in assets in sub-advised mutual funds, proprietary mutual funds, SMA and UMA accounts and strategies. We offer global investment solutions in equity income, total return, alternative income, and alternative or hedged equity strategies.

For more information please visit our website, www.cppinvest.com.

Contacts

Crow Point Partners
Diane DeCaprio, 781-875-3185
dgd@crowpointpartners.com

BOSTON, November 21, 2016 — Crow Point Partners, LLC (“CPP”) and FlowPoint Capital Partners (“FlowPoint”) today announced a strategic partnership. The two Boston-based boutique managers will collaborate on existing and future product development, and Crow Point will provide FlowPoint with an outsourced operations platform.

The two firms entered into an operations agreement whereby Crow Point will provide FlowPoint with comprehensive middle and back office operations systems and business processes. FlowPoint managing partner Charles Trafton commented, “Crow Point can level the playing field for boutique managers like us by offering a complete outsourced operations platform at a fraction of the cost of an in-house solution, freeing managers to focus on what matters – performance and asset raising.”

“We appreciate FlowPoint’s idea-driven and disciplined approach to investing – the team’s proprietary market research and strategies are of great value,”said Peter DeCaprio, Co-Founder and CEO of Crow Point. As part of the strategic alliance, Crow Point has made a passive, non-voting minority investment in FlowPoint, and DeCaprio has been named a member of FlowPoint’s advisory board.

Trafton and FlowPoint Managing Director Paul Fusco will work closely together with DeCaprio to build on the strategic partnership. “We are excited to have Charles and Paul on board,” DeCaprio continued. “Partnering opportunities such as this help us achieve Crow Point’s objective of providing unique alternatives for the retail and institutional markets.”

About FlowPoint Capital Partners

FlowPoint Capital Partners, LP is an independent investment management firm committed to the asset management needs of institutions, family offices and entrepreneurs. Known for our research-driven investment process and high-touch client service, we welcome inquiries at ctrafton@flowpointcapital.com www.flowpointcapital.com

About Crow Point

Crow Point Partners, founded in 2006, manages approximately $1 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, alternative or hedged equity strategies, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com