July 21, 2018
The Economist: Universities are working with investors to offer a different approach to tuition fees
The tide is turning in higher-education finance, as more universities offer income-share agreements (ISAs). FlowPoint's Charles Trafton comments on the market.
April 15, 2018
Noodle Partners, MassMutual and FlowPoint Announce $100 million Financing Partnership
"It’s time to help universities lower the cost of a great education, and it’s great to have partners like FlowPoint and MassMutual to help make that happen," comments John Katzman, CEO of Noodle Partners.
April 8, 2017
Business Insider - "Investors are paying college students' tuition - but they want a share of future income in return"
Income-share agreements (ISAs) are a growing alternative to student loans. Charles Trafton, FlowPoint Managing Partner and lead portfolio manager of FlowPoint's K-20 Education Partners fund comments on market developments.
February 10, 2017
The New York Times: "Investing in the Pain of Student Debt Is a Tough But Tempting Play"
The US education system is a trillion dollar cauldron of positive transformation. How we're positioned.
November 21, 2016
CROW POINT PARTNERS ANNOUNCES STRATEGIC PARTNERSHIP WITH FLOWPOINT CAPITAL
BOSTON, November 21, 2016 — Crow Point Partners, LLC (“CPP”) and FlowPoint Capital Partners (“FlowPoint”) today announced a strategic partnership. The two Boston-based boutique managers will collaborate on existing and future product development, and Crow Point will provide FlowPoint with an outsourced operations platform.
The two firms entered into an operations agreement whereby Crow Point will provide FlowPoint with comprehensive middle and back office operations systems and business processes. FlowPoint managing partner Charles Trafton commented, “Crow Point can level the playing field for boutique managers like us by offering a complete outsourced operations platform at a fraction of the cost of an in-house solution, freeing managers to focus on what matters – performance and asset raising.”
“We appreciate FlowPoint’s idea-driven and disciplined approach to investing - the team’s proprietary market research and strategies are of great value,”said Peter DeCaprio, Co-Founder and CEO of Crow Point. As part of the strategic alliance, Crow Point has made a passive, non-voting minority investment in FlowPoint, and DeCaprio has been named a member of FlowPoint’s advisory board.
Trafton and FlowPoint Managing Director Paul Fusco will work closely together with DeCaprio to build on the strategic partnership. “We are excited to have Charles and Paul on board,” DeCaprio continued. “Partnering opportunities such as this help us achieve Crow Point’s objective of providing unique alternatives for the retail and institutional markets.”
About Crow Point
Crow Point Partners, founded in 2006, manages approximately $1 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, alternative or hedged equity strategies, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com
November 18, 2016
Paul Fusco has joined FlowPoint as a Managing Director and portfolio manager. He brings 20 years of experience in investment management to the firm.
“Paul’s proprietary market research and investment strategies are proactive, repeatable, and I’ve known him for years as a high-contributing team member” said Charles Trafton, Managing Partner of FlowPoint. “We’ve shared like-minded strategies for years, initially with Paul as an institutional client, and I look forward even more to working with him at FlowPoint."
Fusco will continue to focus on financial sector investments, leveraging two decades of experience in equity research and management. "I am excited to join FlowPoint,” said Fusco. “I have great respect for the firm, which is uniquely positioned to take advantage of today’s investment environment with its emphasis on security selection and sector expertise. I look forward to providing our clients with uncorrelated returns while preserving capital.”
Paul began his investment career at State Street Bank and Trust after graduation from Bryant College in 1994. At State Street he served as commercial paper trading conduit for its master trust clients. Paul also was an analyst on John Hancock’s $13 billion dollar Regional Bank Fund, and co-manager of John Hancock’s $2 billion dollar Financial Industries Fund. Subsequent to the merger between John Hancock and Manulife he went on to hold roles as a senior analyst for financial sector hedge funds at Fontana Capital LLC, Tisbury Capital LLC, and was founder and portfolio manager of Núuk Capital.
In his spare time, he serves as President of the Marshfield Girls Lacrosse Club, volunteers at the Children’s Room, Boys and Girls Club, and the Comfort Zone Camp.
June 28, 2016
Today Houghton Mifflin announced a change in their misguided policy on Mein Kampf royalites. The company will donate its profits to a Boston organization that works directly with aging survivors of the Holocaust. Congratulations to the Jewish Family & Children’s Service in Waltham, MA, and all HMHC stakeholders on this decision. Click here for the Boston Globe article.
May 27, 2016
February 29, 2016
At Alpha Hedge East 2016, FlowPoint's Charles Trafton participated in a panel discussion "Student Debt: Finding Opportunities within the Morass" on the bursting of the U.S. college bubble. Also participating were moderator Jon Kuczmarski of WhaleRock Point Partners and Tonio DeSorrento of Verno Education. http://www.imn.org/investment-management/conference/Alpha-Hedge-East-2016/
February 4-5, 2016
FlowPoint presents at Context Miami 2016, the premier alternatives investment summit. https://www.contextsummits.com/miami
October 19, 2015
Hedge Funds Smell Blood in the Student Debt Market
Institutional Investor magazine: As default rates climb, investors short companies from debt manager Navient to student-housing providers. A doomsday scenario? Article
August 11, 2015
How One Hedge Fund is Betting Against the $1.2 Trillion Student Loan Bubble
ZeroHedge - On Monday, we got some color on Hillary Clinton's $350 billion plan to make college more affordable. Students and former students across the country owe more than $1.2 trillion in college loans, and as Bill Ackman so eloquently put it, "there's no way they're going to pay it back". Now, one Boston-based hedge fund is building a short position on what it says is "runaway inflation" in post-secondary education".
August 11, 2015
Hedge Fund Seeing College Bubble, Bets Against Companies
Bloomberg - FlowPoint Capital Partners is betting against companies such as student-loan servicer Navient Corp. to profit from what it calls a college bubble bursting in slow motion. Article
August 6, 2015
Bearish Case on Mondelez
CNBC - Charles Trafton discusses defensive staples stocks vs. "expensive turnarounds"
August 6, 2015
Apple: Still no interest
CNBC - Charles Trafton on why FlowPoint hasn't re-bought Apple, despite lower prices: higher volatility and product risk. "Unless the Apple Watch tells us what time oil will stop going down, Wall Street doesnt have an interest." Video
April 23, 2015
Eidosearch Brings Pattern Analysis Precision to Earnings Season
Institutional Investor - For fundamental investors with a long-term thesis on a company, understanding how to modify positions around earnings announcements "has always been a difficult process to manage" says Charles Trafton, a portfolio manager . Article
March 11, 2015
Bullish on Europe, bearish on ExxonMobil
CNBC - Jason Pride, Glenmede Trust, and Charles Trafton, FlowPoint Capital Partners, join the "Power Lunch" team to discuss why the dollar's surge is good news for foreign exporters and why Exxon is a company in crisis. Video
March 6, 2015
Why Trafton sold Apple
CNBC - "We sold Apple because of rising volatility and better alternatives," says Charles Trafton, FlowPoint Capital Partners, on why Apple went from 5 percent of his portfolio to zero. Video
September 9, 2014
EidoSearch Unveils New Interface, Changes FinTech Landscape With Expanded Data and Analytics
New York, NY "EidoSearch provides a significant step forward in understanding return probabilities," said Charles Trafton, Portfolio Manager, FlowPoint Capital Partners. Read full article...
Discussion led by Frank Teixeira (Wellington), featuring Charles Trafton (FlowPoint), Michael Murphy (Wellington), and Duke Jones (BAML)
NEW YORK - In this session, each panelist will give a short presentation focused on how their research fits within the investment decision process and how the use of technical analysis drives their investment decisions. Read more...
Teixeira's 1x1 Interview with Trafton