The Strategic Group, a Puerto Rico-based private equity firm, has acquired Paskewitz Asset Management, a registered commodity trading adviser. No financial terms were disclosed.
DORADO BEACH, PUERTO RICO (PRWEB) DECEMBER 26, 2018
Through an affiliated special purchase acquisition vehicle (The Strategic Funds, LLC), The Strategic Group, P.R., LLC, a Dorado Beach, Puerto Rico-based private equity firm, has announced it has acquired all outstanding interest in Paskewitz Asset Management, a registered Commodity Trading Advisor with $135 million (as of close) in assets under management.
Paskewitz Asset Management, LLC (PAM), a 2018 BarclayHedge award winner recognized for excellence in the managed futures space, implements a contrarian trading strategy that looks to buy into oversold markets and sell into overbought markets on a short-term basis. PAM uses a fully-systematic program that employs three separate models which forecast short and intermediate term tops and bottoms in the S&P 500 index.
Founded in 2012, The Strategic Group, P.R. is a boutique, multi-national, private equity firm that acquires, develops, and successfully operates portfolio companies with a focus on finance and technology.
“We have worked with The Strategic Group over this last year to explore options to complement our existing resources and expand our product offerings. This strategic partnership will enable PAM to increase its institutional management practices and to scale and expand. Additionally, The Strategic Group’s platform and expertise allows us to grow more efficiently and enhance our value proposition to our clients,” stated Brad Paskewitz, founder and CIO.
The PAM team will remain in their current roles, with Paskewitz continuing as CIO leading all investment activities. According to Robb Rill, Managing Director of The Strategic Group, P.R., “We have known Brad for several years and are impressed with what he and his team have built over the last 18 years, including a solid track record. Our intention is to help scale the company to the next level and expand its footprint with unique product offerings that may include commodity baskets modeled after other indexes such as the AIG Commodity Index and other alternative investment strategies such as electricity trading markets, and even potential cryptocurrency products.”
As part of the acquisition, PAM welcomes new CEO Jaeson Dubrovay who heads up The Strategic Group, P.R.’s fund group. Dubrovay is a seasoned hedge fund executive with over twenty-five years of experience evaluating, building, and managing hedge fund portfolios. Dubrovay’s experience includes Arthur Andersen & Co.; HAL Trust as Treasurer where he managed a $1.0 billion liquid portfolio allocated to external managers; Credit Agricole Indosuez (subsidiary) as Chief Investment Officer, where he built that hedge fund business to $400 million (AUM) by selling to private bank clients and institutions in Europe and Japan; NEPC, LLC, a premier institutional investment consulting firm, as head of the hedge fund research and consulting practice, that grew from $7.0 billion in client assets to $21.0 billion in 250 hedge funds during his tenure. Dubrovay was recognized by Institutional Investor as Hedge Fund Consultant of the Year in 2008 for his stewardship of client assets during the crisis, and in 2009 as Endowments & Foundations Consultant of the Year for his advice on positioning client portfolios after the correction. “I am excited to lead the team with a focus on offering attractive and unique strategies to improve our clients’ portfolios,” commented Dubrovay.
For additional information, please contact Jaeson Dubrovay at The Strategic Group, P.R. at (787) 626-6500, or Brad Paskewitz at PAM at (609) 731-2539, or visit http://www.pamhf.com/.