Tuesday, 9 February 2016
Last updated 2 hours ago
Jan 26 2012 | 8:40am 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.