Blue Edge Capital was launched to provide outsourced CIO services to small- and midsize endowments and foundations, along with family offices and high-net-worth individuals.
In a telephone interview, Peter Bowles, one of four founding managing directors at the investment manager, said Blue Edge offers clients ETF-based portfolios that provide “a very broad base of diversification at a very low cost,” in a highly liquid vehicle. In addition to the broad geographic and asset class exposure provided by 25 to 40 ETFs per portfolio, the team will make tactical asset allocation decisions to “manage risk and gain exposure to attractive asset classes” throughout an investment cycle, he said.
The firm’s services can work as a “one-stop solution” for investors, or serve as a core holding for clients looking to tap less liquid satellite strategies, such as private equity or hedge funds, Mr. Bowles said.
Mr. Bowles and fellow Managing Director Giles Tucker previously served as managing directors of midmarket M&A firm Harris Williams through late 2009; Managing Director Bagley Reid was president of Atlantic Capital Management, a small-cap equity boutique he founded. The firm is being wound down, with clients moving their assets to Blue Edge Capital, confirmed spokeswoman Shannon Jackson; Managing Director Margaret Fretz comes to the firm from Spider Management, the outsourced CIO firm that oversees the $1.7 billion University of Richmond (Va.) endowment fund, where she served as chief compliance officer.
In an e-mailed statement, Ali Bayler, director of investor relations at Spider, said the firm has engaged Stefanie Little from outsourced services firm Cipperman Compliance Services to serve as chief compliance officer.