Announcing New Partnership: del Rey Global Investors
SEATTLE/DENVER, (July 19, 2010) – Northern Lights Capital Group, LLC (“Northern Lights”), a Seattle, Washington-based firm, announced today that it has completed its investment in del Rey Global Investors, LLC (“del Rey”), a recently launched asset management firm investing primarily in international and global equities. Paul Hechmer, a 15-year veteran of the asset management business, is del Rey’s founder and Chief Investment Officer.
del Rey employs a research-driven, bottom-up, value-oriented approach to the equity markets, seeking to add alpha and manage risk by identifying the best investment opportunities globally. The research process focuses on those global and international companies believed to be intrinsically undervalued, with strong and/or improving franchise quality. In addition to capital, Northern Lights will also provide del Rey with strategic business and distribution support.
Prior to launching del Rey, Hechmer was a founding partner of Tradewinds Global Investors, an affiliate of Nuveen Investments, where he managed and co-managed more than $25 billion in the firm’s international and global portfolios.
“Paul has a proven record of delivering exceptional risk-adjusted returns. With del Rey, Paul is building a firm with a strong investment culture and a focus on the client. We look forward to partnering with del Rey as they continue to grow their business,” said Paul Greenwood, Managing Director at Northern Lights.
Based in Seattle with offices in Tacoma and Denver, Northern Lights invests in innovative boutique asset management firms with sustainable, client-oriented investment cultures.
About Northern Lights Capital Group, LLC
Northern Lights Capital Group is a multi-boutique asset management group dedicated to identifying and collaborating with superior boutique asset managers with client-oriented investment cultures. We apply our strategic resources, such as capital, operations and distribution, to help our partner companies and our clients achieve new heights in performance.
About del Rey Global Investors, LLC
The del Rey Global mission is to provide clients with superior risk adjusted returns, over a market cycle, in international and global equity markets. The firm focuses first on preserving wealth and secondly on creating it – both on a relative- and absolute-return basis versus inflation.
del Rey is based in Los Angeles. For more information, please visit delreyglobal.com.