NEW YORK--(BUSINESS WIRE)--Advent Capital Management LLC (“Advent”), an investment management firm with $8.3 billion in assets under management, announced today the appointment of Kris T. Haber as Chief Operating Officer. In this capacity, Mr. Haber will oversee the firm’s business development, investor relations and risk management departments as well as firm strategy and execution. Mr. Haber will also serve as a member of the Management Committee and report to Tracy Maitland, Advent’s President and Chief Investment Officer.
A prominent figure within the asset management and hedge fund arena, Mr. Haber has more than 20 years of experience in the investment business. Most recently, he served as CEO of Presidio Capital Group, LLC, a firm he co-founded with an investment team to implement infrastructure and facilitate growth for small fund managers. His background combines both traditional separately managed account and alternative investment strategies, headlined by his experience at Threadneedle Investments, Ltd, where he served as Global Head of Absolute Return Strategies and president of Threadneedle Investments North America, LLC. Previously, he spent approximately 14 years at Lazard Asset Management, LLC, rising to Managing Director and Head of Alternative Investments, responsible for business development, strategy and distribution.
“I am very excited to have Kris as a member of the Advent team. With his exceptional track record in the investment field, he brings tremendous experience, unique insight and leadership that will make him an invaluable addition,” Mr. Maitland said. “Advent has experienced significant success in providing an array of investment solutions to its clients, resulting in our AUM growth. I am confident Kris will be an integral part of our firm’s continued momentum.”
Mr. Maitland noted that Advent’s assets under management have grown from $2.6 billion to $8.3 billion in the period since the 2008 market crisis.
As a seasoned investment management veteran, Mr. Haber has managed teams, designed and developed new investment strategies and collaboratively built a variety of successful businesses. He has been responsible for both strategic positioning and development of both long-only and alternative investment products.
“The Advent Capital brand is one with which I have been familiar for some time,” Mr. Haber said. “Advent and its management team have always been identified with the highest regard for their investment acumen, professionalism and dedication to client service. I was attracted to Advent by the strength of its product suite and the quality and integrity of the individuals that work there. I’m delighted to have this opportunity and look forward to helping Advent accomplish its next phase of growth.”
Mr. Haber succeeds Osbert Hood as Chief Operating Officer. Mr. Hood, former Chairman and Chief Executive Officer of MacKay Shields, came out of retirement mid-2012 to assist Advent in strengthening its “best in class” institutional infrastructure.
Mr. Maitland noted that Mr. Hood will continue to work with Advent through May and will continue in a consultative capacity and remain a close friend of the firm.
“I have genuinely enjoyed my Advent experience and am encouraged by the significant strides the company has made during my time here,” Mr. Hood commented. “I am also confident the firm will continue to enhance its world-class infrastructure and platform, while providing superior products and a high level of service to investors. Kris is a welcomed addition, and his experience and drive will help the organization reach new heights.”
About Advent Capital Management, LLC
Advent Capital Management LLC is a registered investment advisor founded in 1995. Advent currently manages $8.3 billion in assets on behalf of corporations, public pension plans, foundations, endowments and high net worth individuals, globally, across a variety of Alternative Investment, traditional and closed-end fund strategies. The firm’s proficiency in investing across the entire capital structure is driven by rigorous analysis and proprietary fundamental, credit and equity research. Investment professionals collaborate globally to deliver compelling absolute and risk- adjusted returns for its clients.