BERWYN, Pa., Aug. 23, 2016 /PRNewswire/ -- Turner Investments, LLC ("Turner") announced today that its previously-announced merger with Veracen, LP ("Veracen") has been completed. The merger-of-equals unites Turner's existing 26-year legacy of active investing with Veracen's proprietary operating platform and disciplined investment process.
"Today we achieved a historic milestone for our organization," said Robert Turner, CFA, managing principal and founder of Turner. "By bringing together the best of our companies and platforms, we are confident in our ability to renew Turner's industry leadership position with a range of compelling products that generate structured outcomes for our clients—all modestly priced."
Turner will leverage the addition of complementary talent, capabilities, and resources to focus on creating actively-managed portfolios designed to provide lower volatility and stronger downside protection.
"We believe in the value of active investment management," said Erik Hagar, CFA, senior portfolio specialist. "The combination of our team's deep fundamental insights and the discipline of a multifactor-based model will allow us to develop and construct dynamic investment strategies that offer clients a highly-competitive fee structure."
About Turner Investments, LLC
Turner Investments LLC, headquartered in Berwyn, Pennsylvania, offers a full spectrum of actively-managed investment strategies that are designed to generate structured outcomes for institutional and individual investors. Please visit http://www.turnerinvestments.com for more information about Turner and its products and services.
Jena Dietrich, marketing director
Robert Turner, managing principal and founder
SOURCE Turner Investments, LLC