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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.