Deals & People December 12, 2013

Davies Returns to AllianceBernstein

Richard (Dick) Davies has returned to AllianceBernstein to lead the firm's defined contribution (DC) business.
Reported by

He rejoins the company as co-head of North American Institutional. He will partner with Joel Stevens, co-head of North American Institutional, to lead AllianceBernstein’s DC business

“We see defined contribution as critical to the growth of our institutional business,” an AllianceBernstein spokesperson told PLANADVISER.

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In March 2011, Davies joined Russell Investments as managing director of its defined contribution business. Prior to that, he was at AllianceBernstein for 15 years in various leadership roles, including senior managing director, defined contribution and sub-advisory relationships, prior to leaving.
Products December 12, 2013

ClearVest Offers Access to Alternative Funds

Investment analytics firm ClearVest opened its unified investment management platform to investors and financial advisers seeking access to alternative investments.
Reported by

The platform has added 30 investment funds since its initial launch in July, geared towards wealth advisers, qualified investors, corporations and other institutions looking for a portfolio solution that can field both traditional and alternative assets.  

According to a statement from the firm, the ClearVest platform allows investors to easily access and assess alternative asset managers, upload an existing portfolio, perform comparative analysis on hypothetical portfolios, reallocate funds to enhance performance and manage risk, and use an automated subscription process to make platform investments.

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The platform offers users access to top-tier funds and a customized managed account solution—including daily position reconciliation, daily risk monitoring, performance analysis, NAV calculation and complete investor reporting.

Other investment firms that have joined the ClearVest platform include Hudson Bay Capital Management LLC and Winton Capital Management Ltd.

ClearVest was founded in 2013 by HedgeAct, The Alpha Cooperative and Clearbrook Global Advisors. More information is available at www.clearvestllc.com.

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