NEWARK, New Jersey, February 3, 2022 /PRNewswire/ — On January 1, 2022, Passaic Partners (“Passaic“) launched as a newly created investment company, majority-owned by its employees, with over $2 billion of institutional assets under management in seven investment strategies.
Josh Silva, Passaic Chief Investment Officer and Managing Partner, was previously Senior Portfolio Strategist and Portfolio Manager at Harvest Volatility Management, and before that at Attalus Capital and Credit Suisse in new York and London. Describing the launch of Passaic Partners, Silva said, “Managing proven strategies in the context of our new company best aligns the interests of our team with those of our clients and enables us to more effectively deliver the personalized streams of returns that ‘they wish. Silva continued, “With the help of our long-standing institutional clients, over the past eight years we have designed alternatives to traditional equity, inflation-linked and hedge fund strategies with a strong track record. long-term favorable risk/reward. and liquidity.” Silva further noted
: “We use a rules-based methodology that incorporates a proprietary hedging strategy to reduce the cone of potential outcomes while creating a more predictable flow of returns. The key to any rules-based derivatives strategy is risk management. risks in times of crisis.
Silva earned a master’s degree in financial mathematics at the University of Chicago while serving as a senior options trader for Société Générale on the Chicago Mercantile Exchange. Other Passaic team members understand Mike Lulanajpreviously Director at BGC Financial and Senior Trader at Credit Suisse, who joins as Portfolio Manager and Jim Tufts as the company’s chief operating officer. Previously, Jim served as COO and Head of Investor Relations at First Quadrant, Attalus Capital and Mellon Capital. Silva, Lulanaj and Tufts have assembled an experienced team of seasoned professionals to support Passaic operations as an independent business.
Lincoln Peak Capital, a Bostonprivate investment company which focuses on investing in leading mid-sized asset management companies, is a minority shareholder of Passaic Partners. Lincoln Peak partner companies collectively manage more than $90 billion in AUM through a wide range of traditional, alternative and wealth management strategies. Silva said: “We are delighted with our partnership with Lincoln Peak and believe in their unique long-term approach to investing in businesses like ours. As a supporting partner who understands our business and has decades of experience investing in leading companies like ours, we appreciate their role in our transformation into an independent business and look forward to of a successful relationship.”
Passaic Partners is located at Newark, New Jersey at 110 Edison Place, Suite 304.
SOURCE Passaic Partners