361 Capital has named Clifford Stanton its new Director of Portfolio Solutions and Product Management. In this role, Mr. Stanton will lead 361’s portfolio solutions group, as well as its alternative investments education, market research and product development efforts. Liquid alts are 361 Capital’s specialty.
Prior to joining 361 Capital, Clifford Stanton was Chief Research Officer for Envestnet, Inc., where he also co-chaired the firm’s investment committee, managed its research department, and oversaw asset allocation product development. Before Envestnet, Mr. Stanton was Chief Investment Officer at Prima Capital, which was acquired and folded into Envestnet in 2012. Stanton began his career at Fidelity Investments and his resume also includes time at Portfolio Management Consultants, INVESCO Private Capital, and Innovest Portfolio Solutions.
Tom Florence, CEO of 361 Capital, says the Director of Portfolio Solutions and Product Development position was created to better serve investment advisors and their goal of using more alternative investments in their portfolios. In a company release announcing the hiring of Mr. Stanton, Florence cited Stanton’s “many years of experience working directly with investment advisors” and his “proven experience designing and building asset allocation models” using alternative investments. Given the prestigious, executive-level positions that Mr. Stanton has held in the past, Mr. Florence said 361 Capital was “fortunate to attract him” and that his coworkers at 361 are “excited to have him on the team.”
Founded in 2001, 361 Capital bills itself as a pioneer in delivering alternative investment strategies to investors via “highly liquid” products. The firm currently offers four alternative mutual funds, three of which have been trading long enough to look at year-to-date returns. All three of these funds are in the top one-third of their categories:
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