Westwood Holdings Group announced the formation of a new managed investment solutions team, according to an Oct. 31 release.
The investment and wealth management firm's new team, which will be based in Chicago and start on Nov. 6, will be tasked with developing solutions to a wide variety of investment approaches for individual institutional risks and rewards. Its approach will be focused on active portfolio design but with applications to passive strategies, the firm said in a news release.
"Our new Managed Investment Solutions capability is a powerful addition to our suite of capabilities, offering prospective clients the flexibility to access an extensive range of market and thematic exposures," Westwood CEO Brian O. Casey said in the release. "This new addition is designed to be adaptable, transparent, and, most importantly, customized to address the ever-evolving needs of a diverse client base."
Members of the management investment solutions team include Greg Behar, Drew Miyawaki and Shaun Murphy, who are all joining Westwood from LGIM America.
"This approach ensures that the desired outcomes are in harmony with the broader context of the client's entire portfolio," Behar said in the news release.
Behar previously developed investment solutions and insights for index funds as head of index investment strategy at LGIMA. He served other roles focused on equity investments at Northern Trust Asset Management and Deutsche Asset Management.
Miyawaki served as head of equity trading at several firms, including LGIMA. Murphy previously worked as the head of U.S. index funds at LGIMA.
"We believe the current market conditions are highly conducive to the introduction of our Managed Investment Solutions capability and our new team members are pivotal to realizing our ambitions in this regard," Westwood President Fabian Gomez said in the news release.
Based in Dallas, Westwood manages $16.2 billion in assets as of June 30.