Business Brief

F/m engineered the successful lift-out of a veteran fixed income team—along with all their separately managed accounts, clients, assets under management and mutual funds—from First Western Financial (NASDAQ: MYFW), the holding company of a Denver-based regional bank. F/m completed the transaction in collaboration with the prominent wealth management firm Lido Advisors. The former First Western team now serves as the principals and employees of Oakhurst Capital Management, a new venture launched by F/m and Lido.

As a result of this transaction, the talented fixed income team, with a 25-year history, continues to manage the fixed income mandates under their long-term supervision, including institutional and high net worth separate accounts as well as mutual funds. F/m also brought its expertise and experience in mutual funds to the lift out, and the team’s mutual fund trust has become the F/m Funds Trust.

As an equity partner in Oakhurst Capital Management, F/m provides substantial operational and marketing support, enabling the portfolio management team to focus on what they do best: seeking superior risk-adjusted returns across fixed income markets.

Snapshot

Team Origin —   1995

Predecessor Launch —   2008

Independence —   2020

Headquarters — Los Angeles, CA

Investment Focus —  Seeking risk-adjusted returns across fixed income markets

Investment Strategies —

Core
Core Fixed Income
Short Duration Investment Grade
Government Credit
Full Faith and Credit 1-3 Year

Municipal
National Tax-Exempt

High Yield
High Yield Fixed Income
High Yield Short Duration

Total Assets Under Management — Approximately $700 million (as of November 30, 2020)

Additional Partners