Dorchester Capital Advisors, a California based SEC registered investment advisory firm, has hired Kyle McDaniel and Jay Van Ert as partners serving as chief strategy and administrative officer and as partner over portfolio construction, respectively.
They will complement the existing team in hedge fund research, portfolio construction and risk management and will be appointed to the firm’s management committee where they will help manage the firm and implement long term strategic initiatives.
McDaniel most recently served as chief risk officer and manager in strategic research and risk management for Teacher Retirement System of Texas, one of the largest pension plan investors in the US.
McDaniel and Van Ert formerly worked together for nearly a decade at Austin Capital Management, where they helped to oversee the firm’s asset growth from approximately USD300m to USD3bn under management and where they managed the firm’s non-directional fund of hedge fund portfolios.
Prior to this, McDaniel was the chief investment officer for the Goodrich Family Office and Van Ert was president of Tejas Securities and vice president, director of high yield research and a portfolio manager at T. Rowe Price Associates.
David Mann, chief operating officer at Dorchester, says: "Our strength is in manager due diligence and risk management. Kyle and Jay can help with this but, we expect their impact will be felt more in portfolio construction and in helping to manage the firm and develop more strategic relationships with our investors."
McDaniel adds: "Jay and I are most impressed with the quality of the people, risk management systems and the research depth at the manager level. The investment skill demonstrated by Dorchester across a broad array of markets and managers has protected capital and served their investors well over the past nine years. It is clear to us why Dorchester is known as being ‘investors first’ and we believe this an excellent complement with our experiences, skills and vision."
