Concurrent Asset Management stakes Catherine Avery boutique

Concurrent Asset Management (CAM) has taken a minority stake in boutique asset manager Catherine Avery Investment Management (CAIM).

CAM is the asset management arm of Concurrent Investment Advisors. This is its first direct investment in a standalone asset manager. Details of the transaction were not disclosed.

CAIM will retain operational independence and total investment discretion but will have access to CAM’s resources to plan for long-term growth and sustainability.