Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Retirement planning»Xponance Appoints New CIO of Alternatives
    Retirement planning

    Xponance Appoints New CIO of Alternatives

    October 21, 20222 Mins Read
    WhatsApp Facebook Telegram

    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.

    β€œThe 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.

    Related stories:

    New Co-Chief Information Officers Bring New Strength to Fixed Income at MFS

    Hamilton College names Lauren Jacobson CIO of Columbia

    Former LACERA chief Kushner named CIO of Austin Fund

    Key words: Michel AB Orr, NTAM, Providence Saint-Joseph Health, xponance

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    How will health care costs change during retirement?

    November 25, 2022

    Polyclinic and Everett Clinic owner reach agreement with health insurer [The Seattle Times] – InsuranceNewsNet

    December 23, 2022

    More Americans see inflation as the biggest risk to retirement plans

    December 13, 2021

    ICYMI – NJ Department of Banking and Insurance Says Regulatory Action Needed to Require Coverage of Abortion Services in Regulated Markets – InsuranceNewsNet

    December 3, 2022
    Don't miss

    The real estate market remains competitive

    December 5, 2022

    Questions and answers on real estate: Can we refuse to pay the special contribution? – Frederick News Post

    December 24, 2022

    Insider Selling: Director of H&R Real Estate Investment Trust (TSE: HR.UN) sells 15,000 shares

    January 14, 2023
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.