DALLAS, Sept. 02, 2021 (GLOBE NEWSWIRE) -- The Beneficient Company Group, L.P. (Ben), a leading company serving the growing market of investors seeking liquidity from alternative assets, announced today the creation of a newly formalized Credit Portfolio Risk & Quantitative Analytics team as the company looks to expand its current offerings and grow in the future. Dr. Samuel Hikspoors has been appointed to lead the new group and is promoted to Credit Risk Officer, Managing Director and Department Head.
The structure of the Credit Portfolio Risk & Quantitative Analytics team will bring together all quantitative strategies, top-down modeling, and risk analytics capabilities under one roof, allowing for a deliberate reemphasis on Ben’s long-established strengths in these areas. In his new role, Dr. Hikspoors will drive Ben’s approach to credit portfolio management and risk, a critical component of the firm’s plans for accelerated future growth.
“As Ben prepares to scale our innovative liquidity solutions and significantly broaden our market reach, the leadership team recognized the need to emphasize a modern quantitative and data-driven approach to secondary markets, resulting in the creation of the Credit Portfolio Risk & Quantitative Analytics team,” said James Silk, Executive Vice President and Chief Legal Officer at Ben. “Sam is the perfect person to lead the new group, bringing a proven track record when it comes to multi-asset portfolio management, top-down investment strategies, risk, and hedging. His tenure at Ben, and his deep understanding of our approach as well as the opportunities ahead, make him an ideal choice to lead this diversified and skilled group of quants within the Credit Portfolio Risk & Analytics team.”
The combined team will continue to focus on their current priorities and responsibilities, led by a talented and experienced group of senior professionals. Under the umbrella of the Credit Portfolio Risk & Quantitative Analytics group, the Credit Portfolio Construction & Risk team will remain under the supervision of Dr. Hikspoors and will continue to develop and manage Ben’s Total Portfolio Management (TPM) for credits, hedging programs, and top-down transaction valuations. The Quantitative Analytics team, led by David Eliezer, will continue to develop our firm-wide analytical capabilities used across groups and departments, as well as related quant infrastructure. Finally, the Credit Risk Policy & Reporting team will be led by Solomon Ndungu, who will oversee the implementation of Ben’s credit risk policies and reporting needs and will coordinate communications with Ben’s auditors and internal compliance group.
Before taking on this role, Dr. Hikspoors previously served as SVP and Head of Credit Portfolio Construction for Ben where he was responsible for developing and implementing various credit related strategies for Ben’s customers. Over the past three years, Dr. Hikspoors has been instrumental in building the company’s Credit Portfolio Construction team and developing Ben’s TPM framework for credits, which leverages modern quantitative strategies to fully harvest the value of private markets.
“Ben’s Credit Portfolio Risk & Quantitative Analytics team is incredibly well-positioned for the company’s next phase of growth, and I’m looking forward to taking on a leadership position within the newly formalized business unit,” said Dr. Hikspoors. “Our growth so far is a testament to the team’s breadth, depth, experience, and hard work. Their important foundational work in credit strategies to deliver customers liquidity from alternative assets has allowed Ben to establish itself in a position of strength in the alternative investments industry.”
Throughout his career, Dr. Hikspoors has held various roles spanning quantitative portfolio management and construction strategies within the financial services industry. Most recently before joining Ben, he was Vice President, Quantitative Strategies, at Sage Advisory. Prior to Sage Advisory, Dr. Hikspoors was Portfolio Manager and Head of Research – Capital Markets Solutions at Invesco.
Dr. Hikspoors holds a bachelor’s degree in Math and Physics from the Universite de Montreal. In addition, he holds a master’s degree and a doctoral degree in Math and Finance from the University of Toronto.
About The Beneficient Company Group, L.P.
The Beneficient Company Group, L.P. (Ben) provides a unique suite of simple, rapid, and cost-effective liquidity solutions and other financial services for owners of alternative assets. Ben’s liquidity solutions are available for most types of professionally managed alternative asset investments and can be customized to suit individual circumstances. Serving as a principal by using its own balance sheet, Ben operates as a permanent fiduciary financial institution that helps to remove many of the traditional barriers to liquidity faced by mid-to-high net worth individuals and small-to-mid-sized institutions. For more information, visit www.trustben.com.
Media Contact
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Additional Considerations
Ben does not offer legal, tax, estate, or investment advisory services. Subject to Qualification. To understand the terms of the securities fully, you should carefully read the entire confidential private placement memorandum before making a decision to acquire Liquidity Bonds.
These materials do not constitute an offer to sell or the solicitation of an offer to buy securities of Ben or any of its affiliates. Any offer or sale of securities shall be made solely to accredited investors and solely pursuant to a definitive confidential private placement memorandum and related documents, including definitive subscription materials. Neither Ben, nor any of its affiliates or representatives, (i) make any express or implied representation or warranty as to the completeness or accuracy of the information contained in these materials, or (ii) shall have any liability resulting from your use of these materials.
These materials contain certain estimates, projections and forward-looking statements that contain substantial risks and uncertainties. The estimates, projections, and forward-looking statements contained herein may or may not be realized, accurate, or complete, and differences between estimated results and those realized may be material. Such estimates, projections, and forward-looking statements reflect various assumptions of Ben’s management concerning the future performance of Ben and its affiliates and are subject to significant business, economic, and competitive uncertainties and contingencies, many of which are beyond their control.
Any securities offered through the Ben ExchangeTrust™ will be offered on a best-efforts basis by Emerson Equity, L.L.C. Member FINRA, SIPC and Managing Broker-Dealer for the issue. The Beneficient Company Group, L.P., and Emerson Equity, L.L.C. are not affiliated entities.
