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Convergence Investment Partners Hires Senior Analyst Justin Neuberg

Experienced investment professional enhances quantitative investment manager's research, data management and risk management efforts

MEQUON, Wis., Feb. 13, 2014 /PRNewswire/ -- Convergence Investment Partners, a quantitative equity manager that develops strategies with a goal of exploiting market inefficiencies, today announced that it has hired Justin Neuberg, CFA, as a senior analyst. Neuberg will be responsible for data management and data integrity, empirical research and portfolio management for each of the firm's products. He will also focus on risk assessment and risk management within the firm's portfolios.

An experienced investment professional with more than a decade of experience in the financial services industry, Neuberg has particular experience analyzing a wide range of investments.  He joins Convergence from Mariner Wealth Advisors, where he played an active role in the development of the firm's investment strategy as a member of the Mariner Asset Allocation Committee. Neuberg's experience also includes serving as the primary analyst supporting CBIZ Wealth Management's national investment platform and model portfolios, which included individual bonds, exchange-traded funds, mutual funds and separately managed accounts. Mr. Neuberg has a bachelor's degree in physics from the University of Virginia, a master's of business administration degree from Georgetown University and holds the Chartered Financial Analyst® designation.

"We are very excited to welcome Justin to the team," said David Schulz, CFA, president of Convergence Investment Partners. "His extensive experience as an analyst and his particular focus on risk management make him an ideal addition to the firm and an ideal advocate for our investors. I look forward to his insight as we continue to develop and enhance our investment solutions."

The hiring of Neuberg was announced shortly after the launch of the firm's second mutual fund, the Convergence Opportunities Fund, which invests in small- to mid-cap stocks using Convergence's quantitative approach and has the ability to short. The Fund has a goal of providing additional alpha.

The firm also manages several separately managed account strategies as well as the Convergence Core Plus Fund, which was given a 5-Star Overall Rating by Morningstar out of 1,355 funds in the Large Blend category as of December 31, 2013. The top 10% of all funds in a category earn 5-Stars, and the Overall Morningstar RatingTM for the strategies is derived from a weighted average of each strategy's three-, five-, and ten-year risk-adjusted return measure, if applicable.

Convergence Investment Partners is part of Montage Investments, a diverse group of institutional investment managers that together manage more than $20 billion for a wide range of investors. Montage supports Convergence's distribution efforts through its team of 38 distribution professionals who are located throughout the country.

According to Gary P. Henson, CFA, CFP®, president and chief investment officer of Montage Investments, "I have had the opportunity to work with Justin as he contributed to the development of Mariner's investment strategy. He has extensive experience that I believe will greatly enhance Convergence's investment analytics and risk management capabilities. I am pleased he has made the decision to join the Convergence team."

About Convergence Investment Partners

Convergence Investment Partners uses quantitative tools to select investments, construct portfolios and manage risk for individuals, businesses, financial advisors and institutional investors. The team applies proprietary investment strategies, supported by extensive research, with a goal of generating alpha across various stages of the market cycle.


About Montage Investments

Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed $20 billion as of December 31, 2013.


The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary prospectus and statutory prospectus contain this and other important information about the investment company, and may be obtained by calling 877-677­9414, or visiting Read it carefully before investing.

Mutual fund investing involves risk. Principal loss is possible. Investments in mid-cap companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. Small-capitalization funds typically carry additional risks because smaller companies generally have a higher risk of failure. Their stocks are subject to a greater degree of volatility, trade in lower volume and may be less liquid. The funds invests in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. The funds regularly make short sales of securities, which involve unlimited risk including the possibility that losses may exceed the original amount invested. However, a mutual fund investor's risk is limited to one's amount of investment in a mutual fund.

Alpha is an annualized return measure of how much better or worse a fund's performance is relative to an index of funds in the same category, after allowing for differences in risk. You cannot invest directly in an index.

Convergence Investment Partners is the advisor to the Convergence Core Plus Fund and the Convergence Opportunities Fund, which are distributed by Quasar Distributors, LLC.

Certain marketing or sales related support provided by Montage Investments and certain of its affiliates, none of which are affiliated with Quasar Distributors, LLC. Montage Investments is the indirect majority owner of Convergence Investment Partners, the Advisor to the Fund.

©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

For each mutual fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM (based on a Morningstar Risk Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Convergence Core Plus Fund received 5 stars among 1,355 Large Blend Funds for the three-year period ending December 31, 2013.


SOURCE Convergence Investment Partners

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