BOSTON, May 5, 2015 /PRNewswire/ -- LMCG Investments, LLC (LMCG) has acquired the Serenitas Capital investment team (Serenitas). Serenitas was founded in 2012 and currently manages over $38 million. The five-person Serenitas team, led by David Weeks, previously worked together for six years on the proprietary trading desk at Merrill Lynch. The team is based in Manhattan.
Kenneth Swan, LMCG's Chief Executive Officer:
"This is a unique opportunity for our firm to leverage the combination of Serenitas' investment expertise in the complex credit area with our infrastructure and distribution. We view the structured credit asset class as a strategic addition to our firm due to the low correlation with our existing investment capabilities and as an alternative to traditional fixed income. We believe the Serenitas team will continue to capture inefficiencies in the credit markets given their extensive trading experience and proprietary analytics."
David Weeks, Serenitas' Chief Investment Officer:
"We are excited to become part of LMCG Investments. Their appreciation of entrepreneurship and institutional support provide an extremely attractive opportunity for us to expand our investment capabilities. The Serenitas team has been working together for almost a decade now. We are focused on building a portfolio where returns are not predicated on market direction. Our opportunity sets are non-agency mortgages and corporate structured credit, both inefficient markets, where our proprietary analytics provide a unique advantage in finding undervalued optionality. LMCG is a perfect partner to continue our effort."
About LMCG Investments
LMCG is based in Boston and has $7 billion in assets under management with institutional accounts and private individuals. The firm invests in global equities across a range of market caps, investment styles and geographic regions, and in US fixed income. LMCG's teams invest autonomously, with distinct investment processes and sources of investment ideas, supported by a shared operational, compliance and client service platform – all working toward the common goal of delivering superior investment results for our clients.
To learn more about LMCG, visit our website at www.lmcg.com.
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SOURCE LMCG Investments, LLC
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