Wellington Management (Wellington) has expanded its Alternative Investments platform through the hiring of the investment team of Shelter Haven Capital Management (Shelter Haven), a market neutral, long/short equity manager that primarily focuses on small and mid-cap companies in the technology, media, telecom and consumer sectors.
The terms of the expansion have not been disclosed.
Shelter Haven was founded in 2017 by Jerry Kochanski, an experienced alternatives portfolio manager, and currently oversees approximately USD350 million in client assets across separate accounts and commingled funds. Shelter Haven’s team of five investment professionals includes Hedge Fund Analysts Ross Hammer and Michael Yuan, and Research Associates Julia Karl and Alan Zhang, who will all be joining Kochanski at Wellington on 1 March.
The Shelter Haven team will continue to manage the same market neutral, highly idiosyncratic investment strategy at Wellington. The strategy focuses on delivering returns that are uncorrelated with market betas, an approach that fits well with Wellington’s plans to expand its long/short platform and build out its suite of multi-strategy investment products and custom alternative solutions to meet increasing client demand for liquid alternatives.
The Shelter Haven investment team will maintain an investment office in Summit, NJ.
