ABOUT CLOVERPOINT
Independent, founder-owned
Cloverpoint was established as the dedicated entity to manage the Core Alpha public equity strategies launched at Cloverfields Capital in 2020.
The Cloverpoint Core Alpha approach is the result of decades spent investing at Single Family Offices and advising Endowments and Foundations. After observing the long-term results of many multi-manager public equity programs, it became clear that while talented fund managers had excellent Gross of fee performance, fees, fund expenses, taxes, overdiversification, and illiquidity took far too much away from the ultimate net return. Further, when multiple managers are combined, the aggregate portfolio can begin to resemble the market itself, minimizing the impact of any individual manager's skill.
We concluded that long-term outperformance requires a strategy built around high-conviction stocks, combined with low fees, tax efficiency, style diversification, and daily or intraday liquidity.
Since we couldn't find a strategy that met our needs, we created our own. Drawing from our network and experience evaluating long-only and hedge fund managers, we created a process to identify the high conviction stocks from managers we think are capable of producing alpha. We then apply Portfolio Construction concepts to enable a portfolio that is concentrated by number of stocks, but diversified by source and investment style.
By concentrating capital in the most compelling opportunities across a diverse set of expert managers, Core Alpha strategies seek to deliver higher alpha, better portfolio efficiency, and superior long-term returns versus traditional multi-fund allocation models.
PORTFOLIO MANAGER
Douglas A. Neimann
Doug has over 27 years of experience in the investment industry. He joined Cloverfields in 2019 to launch the Core Alpha strategies and is the CEO & CIO of Cloverpoint, which now manages the public equity strategies. He was previously at Okabena Investment Services, Inc. (the Dayton family office, founders of Target Corp) where he was the President & Chief Investment Officer. Doug spent over 17 years at Okabena and was responsible for the design and implementation of the investment programs for taxable and tax-exempt clients.
Prior to joining Okabena in 2002, Doug worked at Cambridge Associates in Boston within both their investment consulting and alternative assets research practices. His experience at Cambridge included asset allocation and manager selection for endowments, foundations, and family offices. Doug began his career with Brown Brothers Harriman & Company and moved to PanAgora Asset Management as an Investment Associate prior to joining Cambridge Associates in 1999.
Doug received his BA degree in International Relations from Connecticut College and earned an MBA degree with honors from the Carlson School of Management at the University of Minnesota. He is also the Chair of the Board of Directors for the University of Minnesota Foundation Investment Advisors and is on the Investment Committees of CYMI Holdings and Mortenson Company.
