Quant Manager PhaseCapital Names Ning As CIO

Feb 7 2017 | 10:55pm ET

Boston-based quantitative fund manager PhaseCapital has named former AllianceBernstein executive Michael Ning as its new chief investment officer. 

In his new role, Ning will be responsible for PhaseCapital’s investment strategies and research process, the company said in a statement, and will work to further refine the asset manager’s investment platform.

Ning, a 20-year industry veteran, was most recently portfolio manager of First Eagle Investment Management’s Multi-Asset Absolute Return Strategy. Beforehand, he managed absolute return strategy and was head of quantitative credit research at AllianceBernstein. He began his career at Citigroup.

“The availability of so many data points today requires investors use machine technologies like those Michael has pioneered to make better decisions in real time,” said Michael DePalma, PhaseCapital’s CEO and a former AllianceBerstein colleague of Ning’s, in the statement.  “What makes Michael truly unique though, and the reason I personally am so excited he’s joining us, is his ability to combine academic rigor and quantitative analysis skills with a real world investing acumen.”

Established in 2007 by a team of financial professionals and academic researchers, PhaseCapital has developed a flexible investment platform that allows delivery of a diverse set of products and customized solutions. The company is backed by alternative investment industry veteran and Raptor Group CEO James Pallotta, who is also co-owner of the Boston Celtics. 

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