Mr. Henriksson replaces Margaret Stumpp, who has served as QMA's CIO for more than 20 years. Ms. Stumpp will take on a new role at the firm of senior adviser, allowing her to focus on research and QMA's clients, “the areas she is most passionate about,” said Scott Hayward, QMA's CEO, in a statement.
Mr. Henriksson was CIO at Advanced Portfolio Management, a boutique money management firm he co-founded a decade ago with Robert Kiernan. In a May 31 letter to APM clients obtained by Pensions & Investments, Mr. Henriksson said Adri Guha, the firm's director of research, has assumed the role of CIO at APM.
Noting that APM and QMA have no product conflicts or overlap, Mr. Henriksson told clients he plans to “retain a passive stake in APM and join the firm's advisory board and to keep in touch with both my partners and the firm's clients.”
QMA had $83 billion in equity and asset allocation assets under management as of March 31, according to the firm.