SOURCE: Bandon Capital Management, LLC
PORTLAND, OR--(Marketwire - Jan 31, 2013) - Bandon Capital Management (NASDAQ: BANIX) today announced the addition of Whitney Dow to its management team. As Managing Director, Mr. Dow will be responsible for spearheading the firm's marketing and relationship management efforts.
Mr. Dow brings to Bandon over fifteen years of extensive investment management experience in marketing, business development, and relationship management. Most significantly, he spent nearly six years as a Director with Russell Investments, responsible for the expansion of its distribution footprint in the U.S. by building strategic relationships with national, regional, and independent broker-dealers and other intermediaries. Prior to Russell, Mr. Dow served for five years in consulting and analytical roles with Financial Research Corporation (FRC), a leading research firm specializing in providing sales and marketing insight and guidance to investment management organizations.
Bandon's Founder and Chief Investment Officer Bill Woodruff commented, "In continuing to build our core management team, we are extremely pleased to have someone of Whitney's caliber join the firm, as he brings considerable strategic and tactical experience to the organization. His addition is a testament to the growing relevance and importance of the alternative mutual fund sector of the investment management industry. The demand for alternative, non-correlated or idiosyncratic-sourced returns in convenient delivery vehicles like mutual funds is intensifying, and to have a unique long-short debt strategy that just celebrated its two-year anniversary puts us in the right place at the right time."
Mr. Dow added, "The Bandon Isolated Alpha Fixed Income Fund solves very specific needs expressed quite vocally by the financial services marketplace -- the desire for liquid alternative investment strategies to diversify portfolios, the desire for access to customized strategies from top-caliber investment managers, and a track record of proven results during periods of rising rates and market stress. This approach is an extraordinarily timely option for advisors and investors seeking meaningful diversification and uncorrelated returns from their fixed income allocations.
"Bandon's investment philosophy and process, utilizing a diverse set of global absolute return-oriented strategies, ranks among the highest quality offerings available to the wealth management community. I could not be more excited to represent such a valuable solution and to assist the firm as it grows into a position of market leadership in the space."
Mr. Woodruff concluded, "At Bandon, we continue to see two intertwined yet misplaced sentiments in the fixed income investing community -- an obsession with yield, and investors equating fixed income investments with safety. Like equity markets, bond markets generally do not shift gradually. With markets pricing in what seems like everlasting low growth and Fed easing, even some slight economic optimism may create increasing rates much sooner or faster than the market expects. Investors in strategies that deliver returns alternative in their source and composition and not based on market betas will be well-served in such an environment."
About Bandon: Bandon Capital Management is a Portland, Oregon-based, privately held 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.