The Clifton Group (Clifton), a $31.4 billion registered investment advisor, is pleased to announce that Andrew Spellar has joined the firm as portfolio manager overseeing risk parity strategies. Mr. Spellar previously served as Senior Investment Manager at the Fairfax County (VA) Retirement Administration Agency and internal consultant to the Board of Trustees of the $2.9 billion Fairfax County Employees’ Retirement System (FCERS). During Mr. Spellar’s 12 year tenure at Fairfax County, he oversaw all aspects of a broadly diversified portfolio that made extensive use of risk parity strategies. His efforts resulted in the portfolio achieving top decile performance in its peer group.
While Clifton has been actively implementing and managing risk-based allocation programs for several years, the firm plans to launch proprietary risk parity strategies during the first quarter of 2011.
“Andy brings a wealth of experience in structuring and implementing risk-based asset allocations from the plan sponsor perspective” said Tom Lee, Senior Portfolio Manager and Principal. “As the number of institutions adopting these strategies continues to grow, it’s critical that Clifton is able to offer a full suite of solutions to address the unique requirements of each client. We are excited about the additional expertise, industry knowledge, research and management resources that Andy brings to our investment team."
The Clifton Group is a Minneapolis based registered investment advisor that has been delivering intelligent risk management solutions for over 35 years.
Please feel free to contact Clifton at 800.328.5009 if you have any questions.
The Clifton Group
3600 Minnesota Drive, Suite 325
Minneapolis, MN 55435
www.thecliftongroup.com
Tel: 800-328-5009
Fax: 952-767-7701
Email: thecliftongroup@thecliftongroup.com
