Lighthouse Investment Partners has restructured and rebranded its separately managed account platform Luminae Partners as the demand for SMAs grows among investors.
Officials said the new Lighthouse affiliate was established to highlight the evolution of the business model that now includes proprietary multi–portfolio manager platforms North Rock and Mission Crest in addition to the firm’s hedge fund solutions unit that allocates capital to leading investment managers. The Luminae platform, meanwhile, supports hedge funds, long only strategies, and co-investments in providing comprehensive structural and administrative expertise to institutional investors.
“In a complex and changing world, Luminae’s solutions can simplify the investment process and enable clients to focus on enhancing risk-adjusted returns,” said Lighthouse Investment Partners CEO and CIO Sean McGould. “The Luminae platform is a key part of our overall strategy. “Historically, Lighthouse has been an active investor in managed accounts, and the platform will continue to serve Lighthouse’s hedge fund investments but will also enable external clients to invest more efficiently, manage liquidity and focus on generating returns.”
Lighthouse veterans Rob Swan and Joe Aurilio are co-heads of the effort and oversee a team of more than 40 professionals servicing $14 billion in platform assets.
“While we are establishing a new brand identity, our focus remains on delivering a positive experience for our clients on a daily basis,” said Swan, who has been with Lighthouse for over 22 years, in a statement. “The dedicated Luminae team includes many longstanding Lighthouse employees and several key new hires. We are proud to have Lighthouse and a core list of institutional clients as our trusted partners.”
The announcement did not elaborate on the new hires, but also on the team are long time Lighthouse employees Jim O’Hara managing director, co-head of implementation; Paul Kiesling, co-head of implementation; Seth Muse, director of client service; and Kevin Lakin, co-head of operations.
Aurilio joined Lighthouse in 2018 from JP Morgan. “We strive to enhance the experience for the asset owner and manager,” said Aurilio. “This is a natural evolution of our business, and the model is proven in the marketplace. We remain focused on servicing clients, enhancing the platform and growing alongside our clients.”