Emerald Asset Management, Inc. and Beltraith Capital LLC, investment holding companies with approximately $5.8 billion in assets under management as of September 30th, announced on Thursday the launch of their joint-owned advisory firm, EmStone Advisers, LLC.
EmStone combines the experienced portfolio management teams from Beltraith subsidiary StoneRidge PMG Advisers and Emerald subsidiary Emerald Direct Lending Advisers to offer investors enhanced fixed income portfolio management solutions. Both StoneRidge PMG and Emerald Direct Lending also continue to operate independently.
Emerald’s CEO Joseph E. Besecker stated:
“Our combined team averages over twenty-five years of institutional portfolio management experience with specific expertise tailored to today’s low-yield environment,” said Beltraith CEO Steven L. Sanders. “We are bringing the best of each firm together in EmStone – solid traditional fixed income investing from StoneRidge PMG and the value-added of marketplace lending investing from Emerald Direct Lending.”
EmStone provides actively managed, individually designed portfolios that include duration-controlled fixed income portfolios for lower volatility and structured solutions for enhanced return. It is designed to capitalize on the strengths of its parent companies’ subsidiary advisers and its structure provides flexibility to efficiently deploy customized products and solutions for its clients.