Dorchester Capital Advisors said Tuesday that Kyle McDaniel has joined as a partner of the firm and as Chief Strategy and Administrative Officer. Also, Jay Van Ert has joined Dorchester as a partner over portfolio construction, according to a statement. Dorchester, of Los Angeles, builds and manages portfolios for hedge funds and PE investments.
Dorchester Capital Advisors, LLC, a Los Angeles, California based, SEC registered investment advisory firm whose core business is building and managing portfolios of hedge funds and private equity investments, is pleased to announce that Kyle McDaniel and Jay Van Ert have joined the firm as Partners serving as Chief Strategy and Administrative Officer and as Partner over Portfolio Construction, respectively. They will complement the existing team in hedge fund research, portfolio construction and risk management and will be appointed to the firm’s Management Committee where they will help manage the firm and implement long term strategic initiatives.
Kyle most recently served as Chief Risk Officer and Manager in Strategic Research and Risk Management for Teacher Retirement System of Texas (“TRS”), one of the largest pension plan investors in the United States. Kyle and Jay formerly worked together for nearly a decade at Austin Capital Management, Ltd. where they helped to oversee the firm’s asset growth from approximately $300 million to $3 billion under management and where they managed the firm’s non-directional fund of hedge fund portfolios. Prior to this, Kyle was the Chief Investment Officer for the Goodrich Family Office and Jay was President of Tejas Securities, Inc. and was Vice President, Director of High Yield Research and a Portfolio Manager at T. Rowe Price Associates, Inc.
David Mann, Chief Operating Officer at Dorchester noted, “Our strength is in manager due diligence and risk management. Kyle and Jay can help with this but, we expect their impact will be felt more in portfolio construction and in helping to manage the firm and develop more strategic relationships with our investors.”
Kyle said, “Jay and I are most impressed with the quality of the people, risk management systems and the research depth at the manager level. The investment skill demonstrated by Dorchester across a broad array of markets and managers has protected capital and served their investors well over the past nine years. It is clear to us why Dorchester is known as being ‘Investors first’ and we believe this an excellent complement with our experiences, skills and vision.”
Mark S. Zucker, Co-Founding Partner and Chief Investment Officer at Dorchester commented, “This is a values-based business and relationships matter. I have known Jay for nearly twenty years and have enormous respect for his talent and character. We are very excited that he and Kyle have agreed to join our firm and the benefits this brings to our team. Their experience will expand our management talent, overall investment and risk management resources and enable us to deliver better solutions for our investors.”
Michael J. Halpern, the other Co-Founding Partner and Chief Investment Officer added, “Mark and I have been friends since our college days together [since 1979], and we see the same values, partnership and working relationship in Kyle and Jay. They are accomplished professionals that complement one another and they will enhance our team as well as help drive our strategic vision for the firm.”
Jay added, “Dorchester’s level of experience in hedge fund investing, private equity investments and secondary market investing will allow Dorchester to continue to be a leader in the industry.”
Please contact Kelsey Quane, Investor Relations. (310) 402-5090 firstname.lastname@example.org
SOURCE Dorchester Capital Advisors, LLC