Arrow Investment Advisors Reaches $1.5 Billion in Assets, Makes Key Hires

Five-year old alternatives, tactical investment shop adds product development, communications executives

Arrow Investment Advisors announced that five years after its founding it had reached $1.5 billion in AUM in its mutual fund and subadvisory businesses, and that it had hired Ray Amani as director of product development and Lori Klash Winkler as director of communications.

Specializing in alternative investments and tactical portfolio building, Arrow has five mutual funds providing exposure to managed futures, commodities and other alternative investment strategies. The funds are Arrow DWA Balanced Fund (DWAFX), Arrow Alternative Solutions Fund (ASFFX), Arrow DWA Tactical Fund (DWTFX) Arrow Managed Futures Trend Fund (MFTFX) and Arrow Commodity Strategy Fund (CSFFX)

The firm, based in Olney, Md., also serves as subadvisor to five ETFs, including the Jefferies TR/J CRB Global Commodity Equity Index Fund (CRBQ) and the Alerian MLP ETF (AMLP).

In a statement, Joseph Barrato (left), CEO of Arrow Funds, attributed the firm’s growth in AUM and in employees—from an initial four in 2006 to more than 20 now—to its commitment of providing advisors with “out-of-the-box solutions that can help advisors meet their clients’ goals despite unpredictable market conditions.”  

He also credited much of Arrow’s early success to its strategic partnership with Dorsey Wright & Associates (DWA), the subadvisor to the Arrow DWA Balanced Fund and the Arrow DWA Tactical Fund. Barrato, director of sales Jake Griffith and CIO William Flaig all formerly worked for Rydex Investments.

Amani, who was named in January to head new product and business development at Arrow and to oversee the firm’s strategic partnerships, was previously a director and business manager at Thomson Reuters, where he helped launch both Thomson Reuters’ Wealth Management Division and ETF Connect, now called CEF Connect, which tracks ETFs and closed-end funds. Before Thomson Reuters, Amani held positions at Prudential Securities, ECM Hedge Fund and ADP Institutional Brokerage Services.

Winkler most recently served as spokeswoman and director of corporate communications for Rydex|SGI.

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