Articles from Easterly Asset Management

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced the appointment of Joshua Schachter, CFA as Chief Investment Officer (CIO) of Easterly Snow.

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced the appointment of Deb Tobin as Chief Compliance Officer (CCO) of Easterly Investment Partners LLC (EIP), Easterly’s SEC registered investment adviser. Tobin assumes the CCO position after serving as Senior Compliance Officer at Easterly since February 2023.

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced the appointment of Paul Citarell, CIMA® as Senior Vice President of Sales, Northeast. In this role, Citarell will be instrumental to Easterly’s distribution strategy in the Northeast, focusing on cultivating and managing client relationships across the firm's mutual funds and private market offerings to RIAs, financial advisors, family offices, and high-net-worth individuals.

Easterly Asset Management, home to investment teams that provide private wealth and institutional investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced that the Easterly Hedged Equity Fund (Class I and R6) has been recognized with a 5-Star Overall Morningstar Rating™ as of October 31, 2024.

Easterly Asset Management (“Easterly”), home to investment teams that provide private wealth and institutional investors with a portfolio of solutions across alternatives, active equity and active fixed income, today announced the launch of Easterly ROC Municipals, a municipal bond investment team that seeks to deliver tax-aware, yield-driven total returns for investors.

Easterly Asset Management (“Easterly”), home to investment teams providing private wealth and institutional investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced the appointments of Tom Aitken and Peter Mastropietro as Senior Vice Presidents of Private Market Sales.

Easterly Clear Ocean, a company formed to capitalize on the imbalances and dislocations in the international shipping markets, today announced the strategic sale of three chemical tankers. Since its inception in September 2021, Easterly Clear Ocean Tranche I has returned 2.73x net to investors and aims to continue delivering dividends as its remaining fleet maintains significant existing useful life.

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity and active fixed income, today announced the appointment of Genna Brounstein and Jennifer Cahill as Senior Vice Presidents of Private Market Sales. In the newly created roles, Brounstein and Cahill will focus on growing and diversifying Easterly’s portfolio of Alternatives Solutions as part of the company’s private markets distribution team.

Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”), a company formed to capitalize on imbalances and dislocations in the international shipping markets, today announced its formal rebrand as Easterly Clear Ocean.

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity and active fixed income, today announced the appointment of Todd Marion as Senior Vice President, Mid-Atlantic. Marion will play a pivotal role in Easterly’s distribution strategy, focusing on building and maintaining relationships with new and existing clients across a variety of alternative investments across Delaware, Maryland, New Jersey, New York and Pennsylvania.

Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, active equity and active fixed income, today announced the appointment of John Carbone as Senior Vice President of Institutional Sales. Carbone will focus on selling Easterly’s suite of solutions to institutional investors.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment teams, today announced an agreement to acquire the Municipal Bond team, formerly of Invesco and OppenheimerFunds Rochester, from Principal Street Partners. The acquisition will expand Easterly’s tax-aware fixed income solutions and expertise by adding the PSP High Income Municipal Bond Mutual Fund and PSP Short Term Municipal Fund to its lineup as Easterly RocMuni.

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, announced the appointment of Phil (PJ) Juliano, Jr. as its Head of Sales. In conjunction with the announcement, Michael Collins will transition into a newly created position as Easterly’s Head of Business Development, where he will focus on Easterly’s exclusive distribution partnership with Harrison Street and identify other opportunities to expand the company’s Affiliate and Privates platform.

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment managers, today announced a strategic partnership with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with $56 billion in assets under management as of 12/31/23. Headquartered in Chicago and London, Harrison Street will join Easterly to provide alternative real assets across North America and Europe to clients, expanding Harrison Street’s offerings to the U.S. private wealth space.

Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”) today announced the launch of its third chemical tanker investment tranche with the acquisition of two additional vessels. Easterly MLEP offers investors unique access to investment opportunities that take advantage of the dislocations in the international shipping markets. The acquisition solidifies Easterly’s position as one of the largest western fleets of chemical tankers in the world with 13 vessels.

Easterly Funds, the mutual fund platform of Easterly Asset Management which offers investors access to accomplished boutique investment managers and unique strategies, is pleased to announce that the Easterly Income Opportunities Fund (“the Fund”) (tickers: JSVIX, JASVX, JSVCX, JASSX), two-time recipient of the Lipper Fund Award1, recently marked its five-year anniversary with strong, risk-adjusted returns ranking it in the top decile among its peers2.

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, today announced a strategic partnership with Lateral Investment Management (“Lateral”), a private equity firm focused on transformational growth buyouts at owner-operated middle market businesses. Easterly will provide Lateral with its robust platform to elevate the team’s ability to support lower-middle market businesses facing significant growth. Exemplifying the power of their partnership, Easterly and Lateral reported the close of their $35M co-investment in Morae Global (“Morae”). The investment helps accelerate Morae’s trajectory as the market’s leading provider of technology and managed solutions for the global legal industry.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Lauren Crisafi as Senior Vice President of Marketing. Lauren will be based out of Easterly’s headquarters in Beverly, MA.

Easterly Funds is pleased to announce that the Easterly Income Opportunities Fund (JASSX) has been named a 2023 U.S. Lipper Fund Award in the U.S. Mortgage Funds category out of 128 share classes for a three-year period as of 12/31/2022. The award recognizes the fund’s consistently strong risk-adjusted performance relative to its peers.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Joseph Yasinski as Senior Vice President. Yasinski will oversee sales efforts for the intermediary channel in the Northeast territory.

Easterly Asset Management’s (Easterly) Maritime Logistics Equity Partners (MLEP), formed in 2021 to acquire maritime shipping assets, announced today that it has acquired four additional vessels through MLEP’s second chemical tanker investment tranche. This acquisition brings the MLEP fleet to 11 ships. The newly purchased vessels are all coated chemical tankers and become the largest chemical tankers in the MLEP fleet. The four new vessels are:

Easterly Asset Management is pleased to announce the launch of three collective investment trusts (CITs) to better serve growing client demand in the institutional retirement market. The three CITs are:

Easterly Asset Management’s Maritime Logistics Equity Partners (MLEP), formed last year to invest in critical maritime shipping assets, announced today that it has acquired three additional vessels through MLEP I, its first chemical tanker investment tranche. The newly purchased vessels are all 24,000 dwt coated chemical tankers, larger than the four J19 stainless steel chemical tankers previously acquired by MLEP I.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Peter McCarthy, CFA, as Senior Vice President, Head of Institutional Sales.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Michael Burke as Vice President of Intermediary Relationships.

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Michael Burke as Vice President of Intermediary Relationships.

Easterly Asset Management’s Maritime Logistics Equity Partners (MLEP), a company formed last year to take advantage of the meaningful dislocations and opportunities in international shipping markets, announced today that it is launching its second chemical tanker tranche.

Easterly Asset Management announced the formation of Maritime Logistics Equity Partners (MLEP), a new company formed to take advantage of the enormous opportunities in international shipping markets, including the chemical tanker shipping sector that is projected to be a $9.5 billion market by 2026.1