Copia Capital, a Chicago-based investment adviser, has completed the transition of operational responsibilities away from FrontPoint Partners, launching the firm with USD520m in assets under management.
FrontPoint is an asset management firm specialising in absolute return strategies.
Since 2002, Copia has acted as investment adviser for FrontPoint’s utility and energy exposures. FrontPoint will remain a strategic investor with Copia, and Copia will continue to manage assets for FrontPoint.
The launch completes Copia’s transformation into an independent, full-service investment adviser. As part of this development, the firm has broadened equity ownership among its partners. Copia’s new status has also allowed it to design and implement a research management system that enables the firm’s process-driven investment strategy.
"Now is an opportune time for Copia to launch as an institutional-quality investment adviser,” says Tim Flannery, managing partner and founder of Copia. “We believe the rapidly changing energy regulatory environment, structural and technological developments and sector inefficiencies will create unprecedented investment opportunities from which Copia’s investors can profit.”
Copia manages a market-neutral equity strategy that invests across multiple sectors in the energy value chain, including energy, utility, material and industrial companies.
Copia’s senior investment team has worked together on Copia/FrontPoint strategies for more than eight years.
