Covenant Financial Services Becomes Covenant Global Investors

Jan 26 2012 | 9:40am ET

Covenant Financial Services, the management company for the Covenant family of target-return, global macro hedge funds and separately managed accounts, has changed its trade name to Covenant Global Investors.

The firm said in a statement the change was made to “better reflect the firm’s current position in the market and the completion of its evolution from a boutique advisory firm started in 1984 to the $320 million AUM global macro investment manager that it is today.”

Covenant Global Investors has expanded its focus from high-net-worth investors to institutions in this past year.

“We’re wired differently at Covenant,” said Steve Shafer, CIO and portfolio manager of Covenant Global Investors. “Because of the firm’s history as a private wealth manager and our fiduciary responsibility to our clients, we have an uncommonly strong relationship with our investors—whom we call ‘partners.’ This covenant with our investors is the defining feature of our corporate DNA and the reason that we continue to keep that word front and center in our branding.”

The name change took effect on January 1st, 2012.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...