Boston-based asset manager PhaseCapital has appointed Michael DePalma as chief executive officer.
DePalma (pictured) will lead efforts to commercialise PhaseCapital’s current product offering and leverage the firm’s data, trading and technology platform to diversify its product set.
DePalma previously spent 25 years at AllianceBernstein and most recently served as senior vice president and chief investment officer of quantitative investment strategies and director of fixed income absolute return strategies. Prior to this, he was head of the fixed income division’s quantitative research effort.
“Leading PhaseCapital offers me an opportunity to do something entrepreneurial, and I’m excited to apply the lessons I’ve learned during my two-plus decades in this industry at an organisation where I can impact all aspects of the business,” says DePalma. “PhaseCapital, with its substantial investment infrastructure, solid financial backing and talented team in place, is the perfect fit. Plus, the firm has strong ties to Boston’s academic and technology communities, which I plan to rely on heavily in the years to come.”
Established in 2007 by a team of financial professionals and academic researchers, PhaseCapital has developed a flexible investment platform that leverages cutting edge technology and big data resources. Its platform allows the firm to deliver a diverse set of products, as well as customised solutions, to help investors meet the substantial challenges of the current and future investment environment.
PhaseCapital’s backing is led by Jim Pallotta, CEO of Raptor Group Holdings, who sits on the firm’s board of managers.
“The ability to access Jim’s extensive network in Boston’s academic and technology communities as well as leverage his experience in building businesses and managing money is a competitive advantage in and of itself,” says DePalma. “I will surely take advantage of my access to him and others on PhaseCapital’s board.”
