Minella Capital Management (MCM) has agreed to acquire a majority stake in WE Donoghue & Co (WEDCO), a Massachusetts-based registered investment adviser specialising in tactical strategies with over USD1.6 billion in client assets.
Founded in 1986, WEDCO is a pioneer in delivering tactical allocation strategies designed in an effort to generate sustainable income while preserving capital in all market cycles.
WEDCO's strategies are offered via separately managed accounts as well as through the Power Dividend Index Fund and the Power Income Fund. The company's strategies primarily employ proprietary indices developed in conjunction with S-Networks Indexes and S&P Dow Jones Indices.
The new partnership with MCM facilitates succession planning for WEDCO's founder, William Donoghue, and also allows the company to broaden ownership to additional key employees.
"As a management team with ownership that ensures alignment of interest in our continued success, we are confident MCM is the right partner to invest in WEDCO's next stage of growth. We are excited to partner with MCM through this transition and beyond as we share a common belief in delivering exceptional service and innovative products," says Jeff Thompson, president of WEDCO.
David A Minella, managing member of MCM, adds: "WEDCO is well positioned to capitalise on the long-term opportunity in low volatility – alternative products. We are excited about our new partnership with WEDCO and believe the management team has a unique combination of proven success in offering alternative low volatility products to their clients and strong distribution channel experience. We are confident in the team's ability to execute its business plan and become one of the preeminent leaders in the alternative investment space."
