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Brownstone was formed in 2004 by co-Founders and Portfolio Managers Doug Lowey
and Oren Cohen, who both have about 20 years experience in the credit arena on the
buy and sell-sides. The firm’s assets have grown steadily since the firm’s inception,
starting with $28 million in 2004 and rising to $550 as of September 1, 2009.
“We’ve been able to create an absolute return strategy by combining intensive research
with the ability to trade around the broader credit cycle,” said Mr. Lowey. “The credit
markets still provide compelling opportunities particularly compared to equities that
require real growth for further appreciation.”
The firm has amassed a solid five year track record with no down years or quarters.
Having hit a critical mass in assets and now boasting a five-year track record, the firm
expects further interest from the institutional investor community, especially pensions,
foundations and endowments.
“Our goal has always been to manage our growth prudently and it will never be at the
expense of our investment product and our client-centric philosophy,” said Curt Schade,
COO.
Brownstone also announced today that they are now offering investors a monthly
liquidity option.
“We’ve always worked with our investors with urgent liquidity needs,” said Schade. “This
marks a formalization of our philosophy and practices,” he said.