Redwood Appoints New Sub-Advisor to Redwood Global Small Cap Fund
June 11, 2015
TORONTO, ONTARIO–(Marketwired – May 26, 2015) – Redwood Asset Management Inc. (“Redwood”), a Toronto-based investment fund manager offering unique investment solutions managed by boutique investment managers to Canadians, is pleased to announce the following changes to the Redwood Global Small Cap Fund.
Redwood is pleased to announce that effective on or about May 26, 2015, the Redwood Global Small Cap Fund will be sub-advised by Medina Singh Partners, LLC based in Los Angeles, California.
Portfolio Manager Kristofer Medina is a value-oriented investor who has built a successful track record investing in the global small cap space, using a combination of traditional deep value strategies and shareholder activism, when necessary.
Mr. Medina’s background includes working in investment banking with JP Morgan, and as analyst for Ivory Capital, a $4.2 billion value-oriented long/short hedge fund.
“With Medina Singh, we feel that we have uncovered a boutique investment manager that gives Canadian investors an excellent global small cap option with a unique, deep value approach that utilizes aspects of shareholder activism. Kris has shown an ability to select companies with significant upside, while mitigating volatility,” said Peter Shippen, President and CEO of Redwood.
“Kris and I are excited to partner with Redwood, in bringing our investment strategy to Canadians. We are proud of our track record since launching our LP in 2011, and look forward to bringing our well-researched, deep value, global small cap portfolio to Canadians,” said Jaiveer Singh, Founding Partner at Medina Singh Partners.
In addition to the sub-advisor changing to Medina Singh Partners, the Portfolio Advisor will change from LDIC Inc. to Redwood. There is no change to the fund’s investment objective.