Xponance, Inc., a multi-strategy investment firm, has appointed Michael AB Orr as Managing Director and Chief Investment Officer of the firm’s alternative investment subsidiary, Xponance Alts Solutions. Orr will lead the investment strategy of Xponance Diverse Opportunities Fund, LP.
Orr was previously senior vice president and chief client investment manager at the nonprofit outsourced investment manager practice of Northern Trust Asset Management. He has over 25 years of experience in the financial services industry as an asset allocator, investment banker and private equity professional.
Orr also served as executive director of alternative investments at Providence St. Joseph Health, the third-largest nonprofit healthcare system in the United States. While at Providence, Orr oversaw the allocation of assets between private equity and debt, venture capital, hedge funds, and real assets.
Xponance Alts seeks to partner with a defined group of diverse and/or women-owned alternative managers through general partnerships and selective seeding agreements. The company builds on parent company Xponance’s 25 years of experience investing in diverse, emerging and women-owned businesses on public market platforms.
“The successful performance of various managers has been verified. I am excited to work with the XAlts team to partner with differentiated alpha-producing companies, especially in the largely underserved diverse community of alternative managers,” Orr said in a statement.
Orr holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and an MBA from the Simon Business School at the University of Rochester.
Xponance has approximately $12 billion in assets under management.
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Key words: Michel AB Orr, NTAM, Providence Saint-Joseph Health, xponance