Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

14179

GrizzlyRock Capital expands management team

RELATED TOPICS​

Alternative asset management firm GrizzlyRock Capital has appointed Chris Ricciardi as managing partner and head of business development and Doug Laux as chief financial officer.

"As we begin our third year of operations, Doug and Chris' expertise in institutional-quality asset management firms and building robust, client focused businesses will be invaluable to our clients," says Kyle Mowery, GrizzlyRock managing partner and portfolio manager. "Since inception, we have been building both a world-class alternative asset management firm and client-focused, differentiated investment products. Today's announcement is another step towards fulfilling our mission."
 
GrizzlyRock uses rigorous fundamental research and due diligence to invest in mispriced securities. The team invests both long and short in corporate securities in the equity and credit markets which it feels are substantially mispriced. The result is a portfolio composed of high-conviction value- and event-driven equity investments and high-yield credit securities.
 
"GrizzlyRock believes investment management is, at its core, all about risk management," says Ricciardi. "Doug and I share this investor-centric mindset, and we look forward to continuing GrizzlyRock's commitment to pursuing attractive risk-adjusted returns in high- yield corporate credit and equity securities."
 
Ricciardi has spent more than eight years working in the alternative investment space, and joins GrizzlyRock after serving as director of strategic relationships for Altegris Investments. During his time at Altegris, he focused on distributing private and public investment solutions to professional investors, wealth managers, banks and financial services platforms. Earlier in his career, Ricciardi co-founded Herron Capital Management, a registered commodity trading advisor and introducing broker. 
 
Laux brings to GrizzlyRock extensive knowledge of private and public companies, balance sheet and operational restructuring, initial public offerings, bankruptcy situations and mergers and acquisitions. He spent 20 years at Ernst & Young in Chicago, where he was a partner for nine years. Laux has also served as chief financial officer of a variety of businesses, including ANC Rental, the holding company for Alamo and National Car Rental.
 
Ricciardi and Laux will work closely with Mowery, who founded GrizzlyRock in 2012, and Saidal Mohmand, vice president of investment research. Mowery began his career as an analyst at fund of hedge funds PAAMCO, and later made investments in media and telecommunications companies at McDonnell Asset Management, now TH Lee Senior Credit Strategies. Mowery later joined the middle-market leveraged finance team at BMO Capital Markets, where he evaluated and managed funding for private companies across industries such as general industrials, business services, consumer goods and healthcare.

Latest News

Amid a challenging fund-raising environment, regulatory changes and technological advancements, distribution strategy is more important..
Theta Capital has launched its fourth Theta Blockchain Ventures vehicle to invest in core blockchain..
Rabobank has completed a series of groundbreaking pilots to execute more than EUR2 billion in..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by