Advent Capital Management Hires Reid As Chief Of Staff And Strategy

May 16 2017 | 12:21am ET

Advent Capital Management LLC has named former Thayer Street Partners executive Scott Reid to the newly created position of chief of staff and strategy.

In his new role, Reid will be responsible for implementing synergistic strategies to further enhance the quality of all current and new investment strategies and ensure that Advent continues to maintain a world class investment platform, the company said in a statement. He will be based in New York and report to president Tracy Maitland. 

Reid brings a diverse asset management background to Advent, particularly in alternatives. Most recently, he served as a senior advisor to Thayer Street Partners, an early stage private growth capital firm. Prior to Thayer Street, he was President of One East Partners where he was responsible for the business development and operational activities of the firm. Scott also spent 10 years as a Managing Director and Partner at Auda International, where he led the firm’s hedge fund group and served as a member of the senior management committee. 

“Given the rapidly evolving asset management industry, it’s important to face challenges and resulting opportunities head on and with the best talent available,” said Maitland in the statement. “Scott has a proven track record of adding value to his clients and we are confident he will help optimize our current strategies while also introducing innovative solutions in both the public and private markets.”

Reid's appointment comes as Advent strengthens its management, business development and investor relations platform. As previously announced, Michael Cavanaugh joined the firm in December as Managing Director, focusing on institutional allocators. Most recently, Advent brought on former Skybridge Capital director Jonathan McEvoy as a director in the Business Development Group charged with enhancing and expanding platform relationships. 

Founded in 1995 and based in New York, Advent Capital Management LLC is an RIA managing $9 billion on behalf of institutional investors and private clients across a variety of alternative, long-only and closed-end fund strategies. 

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