SOURCE: Bandon Capital Management, LLC
PORTLAND, OR--(Marketwire - Nov 28, 2012) - Bandon Capital Management (NASDAQ: BANIX) today announced the addition of Terry Swenson to the senior management team. As Managing Principal, Mr. Swenson will be responsible for distribution strategy and execution in specific intermediary channels.
Mr. Swenson brings to Bandon extensive asset management distribution experience. Prior to joining Bandon, he spent over a decade as a Managing Director at Van Kampen/Morgan Stanley Investment Management heading up Variable Annuity and Sub-Advisory strategy and distribution. Mr. Swenson previously directed various product management and distribution functions at American General Corporation/VALIC.
Bandon's founder and CIO Bill Woodruff commented, "We operate in one of the most dynamic, fast growing and relevant portions of the investment industry. As we expand our organization it's critical we add industry leaders like Terry to help build on our clear vision of delivering investment strategies offering characteristics that are truly alternative in more accessible, convenient delivery vehicles."
Mr. Swenson added, "Bandon has a compelling vision for building institutional quality alternative mutual funds by leveraging experienced alternative managers. The Bandon Isolated Alpha Fixed Income Fund, a long-short debt strategy, is approaching its two year anniversary and is a timely strategy for investors as they face the challenge of generating returns from their fixed income allocations in this low interest rate environment."
"I'm thrilled to be here and look forward to further building the firm, the product platform and relationships with intermediaries."
About Bandon: Bandon Capital Management is a Portland, Oregon-based, private investment management firm founded to provide investment solutions to financial intermediaries that deliver non-correlated, absolute returns regardless of market direction. Bandon identifies institutional quality alternative strategies that can be implemented in democratized vehicle structures. Bandon is the manager of the Bandon Isolated Alpha Fixed Income Fund (NASDAQ: BANIX), a long-short fixed income mutual fund. Additional information about the company and its products can be found at www.bandonalts.com.