FOR IMMEDIATE RELEASE
NEW YORK – Welton Investment Corporation (‘Welton’), today announced plans to open a New York office in 2009, to be overseen by Justin Dew, who has joined the firm as Senior Managing Director of Strategic Development.
The expansion is due to the firm’s growth and increasing investor base in New York, Europe and the Middle East.
“We are excited to have a presence in New York and see this expansion as an evolution of our business,” said Patrick Welton, Chief Executive Officer. “We are delighted to have Justin on board. He brings a diverse industry background and solid understanding of the true role of alternative investments.”
“It’s an honor to help Welton take their business to the next level,” said Mr. Dew. “Coming off a year in which most strategies lost money, this is a perfect time to educate investors about the merits and benefits of managed futures.
Managed futures were one of the few hedge fund strategies to perform in 2008 and once again displayed non- correlation with the broader markets. Managed futures gained 13.90% in 2008, according to the Barclay CTA Index compiled by BarclayHedge.
Mr. Dew will assist senior management in the strategic development of the firm, in part by identifying new and innovative strategic growth opportunities and strengthening and further diversifying the client base.
Mr. Dew was Managing Director and Head of Strategic Development of Clinton Group, Inc. in New York where he was responsible for development of new investment strategies, investor relations and sales. Prior to Clinton Group, Mr. Dew served as the Senior Director and Global Head of Alternative Strategies of Standard & Poor’s in New York. Mr. Dew received his Bachelor of Science degree in Business Management from Ithaca College and his Masters in Business Administration from Cornell University.
About Welton
Welton Investment Corporation (‘Welton’) is an investment management firm specializing in managed futures and global macro strategies. The firm’s flagship Global Directional Portfolio (GDP) program has approximately $500 million in assets as of 12/31/08 and is a component of the FTSE Hedge CTA/Managed Futures Index. Now in its 6th year, GDP was up 23% in 2008 and has compounded annualized returns of over 17% since inception in June 2004 through December 2008. Based in Carmel, California, Welton is registered as a Commodity Trading Advisor (CTA) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Media Contact
Christopher Keenan
(831) 620-6607
[email protected]
THE INFORMATION CONTAINED HEREIN IS INTENDED FOR QUALIFIED ELIGIBLE CLIENTS AS DEFINED IN CFTC REGULATION 4.7. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY INVESTOR WILL OR IS LIKELY TO ACHIEVE SIMILAR RESULTS. FUTURES, FORWARD AND OPTION TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.
