NEWPORT BEACH, Calif., Jan. 11, 2019 /PRNewswire/ -- Canterbury Consulting, an investment advisory firm to endowments, foundations, family offices and high net-worth investors, announced today that it has engaged New York-based EnTrustPermal, one of the world's largest global hedge fund and alternative asset managers, to create a custom hedge fund-of-funds solution for its clients.
Canterbury's engagement with EnTrustPermal will allow Canterbury to offer to its clients a custom hedge fund of funds solution without the inherent conflict of having its own product, a relatively new concept in the alternative investment and investment advisory space. This solution reflects Canterbury's dedication to seek out innovative solutions that are well aligned for its clients. Notably, this comes at a time after significant change in the hedge fund industry.
"Customized funds such as this allow for greater transparency and control than many hedge fund of funds solutions in the marketplace today," said Debashis Chowdhury, president of Canterbury Consulting. "In addition, they provide deeper resources for our clients to access. We believe our clients will get the best of both worlds: the benefit of a custom, tailored solution while having the comfort of knowing we, their advisor, are not conflicted."
With 11 offices globally, EnTrustPermal offers investment solutions through customized portfolios, co-investments, direct investments and established funds across alternative strategies including diversified, strategy focused and opportunistic. At the core of the firm's culture is a strong emphasis on personal service, a high level of communication, extensive due diligence and proprietary risk management. It currently has approximately $20 billion in assets under management and serves more than 700 institutional investors.
EnTrustPermal's Chairman and CEO Gregg S. Hymowitz said, "We are excited to collaborate with Canterbury Consulting to bring differentiated strategies to our investors. Our two firms share a common philosophy of developing innovative investment solutions for investors who seek new and attractive sources of return."
The custom solution for Canterbury Consulting's clients will be launched in February of 2019.
About EnTrustPermal - As one of the world's largest alternative investors, EnTrustPermal has the global talent, scale and resources to bring clients meaningful innovation in a dynamic industry. With histories dating back to 1997 and 1973, respectively, EnTrust and Permal combined their deep industry knowledge and expertise in 2016 in an effort to lead the way forward in alternative investing, creating EnTrustPermal.
About Canterbury Consulting - Canterbury Consulting is a leading investment advisory firm that, as of June 30, 2018, oversees more than $18.3 billion for foundations, endowments, healthcare institutions, and families. Founded in 1988, the company designs and manages custom investment programs aligned with each client's goals. Canterbury acts as the investment office for its diverse clients and provides objective investment advice, asset allocation, manager selection, risk management, implementation, and performance measurement. Canterbury Consulting strives to deliver performance and service that exceeds the needs and expectations of its clients. Learn more about Canterbury Consulting at www.canterburyconsulting.com.
SOURCE Canterbury Consulting