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October 11, 2017  

Lighthouse Gets Boost in Rothschild Tie-Up

Lighthouse Partners is taking on a portion of Rothschild’s alternative-investment business.

The newly finalized arrangement has two components. In the U.S., Lighthouse is absorbing Rothschild’s alternative-investment accounts outright, along with three of the firm’s employees. In Europe, Lighthouse is working more in an advisory capacity by offering its products to clients of Rothschild Asset Management Europe.

Topping the list of employees who moved to Lighthouse is Shakil Riaz. As Rothschild’s global chief investment officer for alternative strategies, he already was creating hedge fund products for clients in the States and advising customers in Europe.

Riaz started in Lighthouse’s New York office in September as a managing director. Joining him on Oct. 1 was Ki Akrami, while Anthony Marzigliano is expected to arrive shortly.

Lighthouse, a Palm Beach Gardens, Fla., firm with $10 billion under management, is best known for deploying client capital to hedge fund managers via separate accounts. Its backers include pension plans, corporate treasury operations, insurers, endowments, foundations, family offices and wealthy individuals.

At Rothschild, Riaz was charged with building an array of private funds, alternative mutual funds and exchange-traded vehicles with “smart-beta” strategies.

“I am confident that, in the long run, this alliance will yield significant benefit for the clients and shareholders of both firms,” Lighthouse executive managing director Scott Perkins said.

Paris-based Rothschild Asset Management Europe manages more than €36 billion ($42.5 billion), offering investment-management and advisory services to institutions, financial intermediaries, outside distributors and private clients worldwide.

Riaz and Marzigliano joined Rothschild in 2015 from New York fund-of-funds shop Arden Asset Management. They were at J.P. Morgan before that, with Riaz overseeing the bank’s proprietary hedge fund business. Akrami arrived in 2009 from Mezzacappa Management.