IRVINE, Calif., Feb. 1, 2018 /PRNewswire/ -- Pacific Alternative Asset Management Company, LLC ("PAAMCO") announced today the launch of PAAMCO Select, a new business line focused on providing institutional investors globally with innovative solutions for long-only equity strategies. PAAMCO Select employs a distinctive investment approach investing in long-only equities portfolios run by alternative managers with established track records in a client fee-aligned manner. Carrie McCabe is the Chief Investment Officer of PAAMCO Select. Ms. McCabe will also continue in her role as Managing Director responsible for Global Strategy at PAAMCO.
"PAAMCO continually seeks to enhance and expand our liquid alpha solutions platform and we are excited about the alpha opportunities PAAMCO Select brings to institutional investors," said Jane Buchan, CEO of PAAMCO and Co-CEO of PAAMCO Prisma Holdings. "We are well-positioned to execute on this opportunity led by Carrie, who has been investing and building businesses in the alternatives industry for over 30 years."
"The reports of the demise of active management are greatly exaggerated—we believe that our alternatives managers are some of the best stock pickers in the world," said Ms. McCabe. "The reality is that the outperformance of active versus passive equity management is cyclical. Combine this cyclicality with our managers' long-term experience and the uptick in stock dispersion, and we have a compelling active equity investment solution."
PAAMCO Select seeks to access cost-effective, equity alpha through investments with skilled alternatives investors. Portfolios will be concentrated by holdings yet diversified across investment styles including fundamental stock investing and event-driven opportunities. An active, global approach will be employed based on PAAMCO's assessment of factors including the market environment, investment styles, and geography. Manager allocations will be subject to extensive investment, operational due diligence and risk management processes.
"Many liquid alternative managers have demonstrated a consistent ability to generate long equity alpha through security and sector selection," continued McCabe. "PAAMCO, with its long history of investing in alternatives and deep relationships in the industry, is well-positioned to partner with them for the benefit of our investors."
PAAMCO (Pacific Alternative Asset Management Company) is a leading institutional investment firm dedicated to offering alternative investment solutions to the world's preeminent investors. Headquartered in Irvine, California with a global footprint that extends across North America, South America, Europe and Asia, PAAMCO serves institutional investors including large public and private pension funds, sovereign wealth funds, foundations, endowments, insurance companies and financial institutions. Since its founding in 2000, PAAMCO has focused on investing on behalf of its clients while striving to raise the standard for industry-wide best practices.
PAAMCO and Prisma Capital Partners LP are wholly owned subsidiaries of PAAMCO Prisma Holdings, LLC and collectively have more than $30 billion in assets under management or advisement for clients globally. For more information on PAAMCO, visit the firm's website at www.paamco.com.