Newport Beach, CA (PressExposure) September 19, 2009 -- /1888PressRelease/ Browndorf Financial Services Group (FSG), LLC, a Newport Beach, California-based international financial services group, through its institutional investment advisory and asset manager, Browndorf Private Equity Management (PEM), LLC, entered into a sub-advisory agreement with Marquee Fiduciary Advisors, LLC expanding Browndorf PEMâs assets under management by an estimated $500MM in physical senior life settlements.
âBrowndorf brings a unique and diverse set of skills to the management of senior life settlements and compliments Marqueeâs focus on treating longevity assets as an institutional alternative investment with attractive absolute return characteristics, high credit quality and low correlation to other asset classes for hedge funds, fund of funds, charitable foundations, family offices and pensions,â said Kevin DeVaan, Principal and CEO of Marquee.
Browndorf PEM, LLC, led by co-Portfolio Managers Matthew C. Browndorf, Esq. and Jonathan Sadowsky, former fixed income hedge fund portfolio manager at Barclays Global Investors in San Francisco, CA, manage longevity-linked assets in both physical and synthetic form for institutional clients by using sophisticated quantitative portfolio optimization and risk management techniques.
Matthew C. Browndorf, Esq., Founder and Chief Investment Officer of Browndorf FSG added âto be able to compliment our portfolio management expertise from a quantitative and legal analysis standpoint with Marqueeâs deep qualitative analytical acumen and portfolio servicing capabilities was a strategic value proposition that serves to make both companies substantially stronger in the management of physical life settlement assets. Both firmâs respective investors will undoubtedly benefit in a myriad of ways.â