Corvid peak capital management announces closing of coherence capital management team acquisition

New york & greenwich, conn.--(business wire)--corvid peak capital management, a subsidiary of tiptree inc. (nasdaq:tipt) (“tiptree” or the “company”) today reported that it has closed the previously announced acquisition of the coherence capital management team (“coherence”). coherence and its founder, sal naro, manage a liquid long/short credit hedge fund strategy that includes the coherence long/short credit fund, which itself has an 11+ year track record. mr. naro brings over 40 years of exp.
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