Mitchell Molloy and David Szybunka to Expand and Enhance Rayne Energy LP Mandate
CALGARY, Feb. 27, 2017 /CNW/ - Rayne Capital Management Inc. is pleased to announce the addition of two senior partners to the company's executive and portfolio management team. Mitchell Molloy will join as Managing Partner and David Szybunka will become lead Portfolio Manager for Rayne Energy LP, each subject to the receipt of required regulatory approvals.
Mr. Molloy and Mr. Szybunka will both oversee the Rayne Energy LP mandate, a long/short absolute return-focused strategy that leverages Rayne Capital's local presence and expertise in the Canadian Oil and Gas sector.
"We are very pleased to have both Mitch and David joining the team as we move forward with the next stage of growth and opportunity at Rayne Capital. Their depth of knowledge, client dedication and strong sense of the sector truly make them a great addition to the firm" said Rob McFarlane, President of Rayne Capital.
Both individuals have highly distinguished backgrounds in the energy capital markets. Mr. Molloy spent the previous 18 years as a part of the team at Peters & Co. Limited that built the firm into Canada's premier energy focused boutique investment bank. Mr. Szybunka spent six years building and assisting in the management of energy focused funds at Canoe Financial, which grew from less than $50 million to approximately $1 billion of assets under management during his tenure. In 2016 Mr. Szybunka was selected as a Brendan Wood TopGun.
Added McFarlane: "Mitch and David bring with them great industry relationships, from boards and senior executive leadership to various technical teams within oil and natural gas focused companies, as well as a solid boots-on-the-ground presence within Calgary."
Rayne Capital is one of Canada's premier alternative asset managers, providing clients with an absolute return mandate that seeks to provide quality returns through all market cycles, while offering reasonable downside protection. The firm was founded in 2004 by Rob McFarlane and prides itself on its deep and trusting relationships, not only with clients, but also key executives and leaders within the business community.
In 2014 Rayne Capital added the Rayne Capital Opportunities Fund LP, a complimentary North American-focused fund with an absolute return, opportunistic, long/short mandate diversified across sectors and market caps that has produced a consistent and positive annual return for investors, irrespective of the direction of the stock market. As at January 31, 2017, Rayne Capital LP, the flagship fund in the diversified mandate, had a positive return of 21.2% since inception, while the TSX Total Return Index was up 5.9% over the same time period. The Fund has had positive returns in each year since inception, including 2015 when it was up 7.6% versus -8.3% for the TSX Total Return Index.
"The combination of Mitch and David managing the energy mandate and our four-person team managing the diversified mandate provides investors a unique and strategic portfolio that prioritizes an attractive return profile in conjunction with capital preservation strategies. The team is purposefully deep and aligned with all of our investors," said James Anderson, Portfolio Manager of the firm's diversified portfolio mandate.
KPMG LLP serves as the auditor of the firm's funds, while SGGG Fund Services and Apex Fund Services are administrators. CIBC Capital Markets and TD Securities are the prime brokers for both funds. Rayne Capital clients include high-net-worth individuals, family offices and institutional investors.
SOURCE Rayne Capital Management Inc.
For further information: Robert McFarlane, President & CEO, firstname.lastname@example.org, 403-263-5444