“One of the key benefits of our model for portfolio managers is that we are able to leverage our existing operational infrastructure, allowing them to focus on managing their strategies rather than managing a business.”
“As a firm with an entrepreneurial spirit and a focus on client service, we are continually looking to expand on the investment solutions we are able to offer,” said Richard Burridge, RMB’s CEO and chief investment officer. “We strongly believe that alternative investments have a place in most qualified investors’ asset allocations. Iron Road will provide access to managers pursuing strategies that complement more traditional investments on our open architecture platform.”
RMB began laying the groundwork for Iron Road in 2006, by partnering with the portfolio managers of a long/short U.S. equity strategy. In 2011, RMB established a second venture with the portfolio managers of a long/short stressed-debt strategy. With the governance, legal, and operational structure of the platform established, both investment strategies now operate under the Iron Road umbrella.
Iron Road actively looking to add new managers
Candidates to join the platform are portfolio managers with $20 million to $200 million in assets under management who would prefer Iron Road’s joint venture model over a fund of funds, a managed account platform, a multi-strategy fund, a traditional seed capital provider, or a first-loss capital provider.
“We are best described as a family of individually owned, single-strategy managers that rely on both internal and external sources of capital,” said Blair Haarlow, managing principal of Iron Road. “One of the key benefits of our model for portfolio managers is that we are able to leverage our existing operational infrastructure, allowing them to focus on managing their strategies rather than managing a business.”
Senior equity analyst joins Iron Road team
In addition to adding new strategies, Iron Road has continued to expand its team of investment professionals. A significant recent hire is Kent Holden, who brings an extensive background in short selling, adding a specialized area of expertise to one of the managers already on the platform.
“It’s rare to find someone who is a dedicated short seller – much less someone like Kent, who’s been doing it for decades,” said Haarlow. “We are excited to have him on board, and we look forward to his many contributions through his analytical approach to investing.”
Based in Stamford, Connecticut, Holden joined Iron Road after serving as the managing member of Holden Asset Management, which he founded in 2005.
ABOUT IRON ROAD
Iron Road Capital Partners is an alternative investment platform offering portfolio managers a unique joint venture structure. It seeks to add managers pursuing non-traditional strategies to its platform to create portfolio diversification options for investors. Current managers include a long/short U.S. equity strategy and a long/short stressed-debt strategy. For more about the Chicago-based firm, visit www.ironroadcap.com.
ABOUT RMB CAPITAL MANAGEMENT
RMB Capital Management is an investment advisory firm that provides affluent individuals and institutional clients with a high standard of care and is dedicated to serving their best interests. RMB operates in four distinct business units: wealth management, asset management, alternative investments, and retirement plan consulting. RMB is headquartered in Chicago with offices in Denver and Jackson Hole, Wyoming. To learn more about RMB Capital Management, visit www.rmbcap.com.