Equinox Expands Portfolio Management Team, Introduces Institutional Asset Management Division

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PRINCETON, N.J., April 3, 2013 (GLOBE NEWSWIRE) -- Equinox Financial Group, LLC ("Equinox") announces the addition of Afroz Qadeer and Sue Osborne to the investment management committee. In his new role, Mr. Qadeer focuses on developing alternative strategies for retail and institutional investors and Ms. Osborne spearheads research efforts for multi-advisor alternative investment portfolios and managed futures strategies.

Mr. Qadeer also serves as President and Chief Investment Officer of Equinox Institutional Asset Management ("Equinox Institutional"), and Ms. Osborne is Director of Research. Equinox Institutional Asset Management is the new name of Tapestry Asset Management, LP, which was acquired by Equinox in January of this year. Equinox Institutional will continue to specialize in the construction, implementation and monitoring of multi-manager alternative investment portfolios and managed futures strategies.

Mr. Qadeer has focused on alternative investment management since 1993. He co-founded Tapestry Asset Management in 2002 and served as Chief Executive Officer and Co-Chief Investment Officer. He has extensive expertise in hedge fund research and portfolio management, and has held tenures with Commodities Corporation/Goldman Sachs, Optima Fund Management, and Lake Partners. His accomplishments include the launch of eight multi-manager funds, management of 20 multi-manager portfolios covering a diverse range of alternatives, and management of four hedge fund portfolios with assets of approximately $2 billion. Mr. Qadeer holds an MBA from The Wharton School, University of Pennsylvania and a Bachelor of Commerce from Sydenham College, University of Bombay, India.

Ms. Osborne has over 20 years of alternative investment experience. She was Director of Research and Partner of Tapestry Asset Management and has held senior positions in hedge fund research and portfolio management at Hamilton & Co., Commodities Corporation/Goldman Sachs, Lake Partners, and Greenwich Associates. She holds an MBA from Lehigh University and a BS in Marketing from Duquesne University.

Effective April 1, 2013, Sue Osborne, Director of Research, assumed the portfolio team responsibilities previously managed by Brian Bell. Mr. Bell continues to serve as Director of Research of The Bornhoft Group ("TBG") in a full-time capacity. Richard Bornhoft, Chief Investment Officer of Equinox Fund Management commented: "I am pleased that our expanding investment management team at Equinox enables Brian to devote 100% of his time to research at TBG. Equinox and TBG have long enjoyed a synergistic relationship. The expansion of Equinox's investment management team will undoubtedly benefit both Equinox and TBG."

Robert Enck, President and Chief Executive Officer of Equinox, commented on the overall transition, underscoring the depth of experience that Mr. Qadeer and Ms. Osborne bring to the organization. "Institutional investors have long been a stronghold of managed futures investing. The Equinox Alternative Strategy Platform and TBG cater to the sophistication and niche requirements of this client base. Afroz and Sue now lead Equinox's effort to address this market with an array of alternative portfolios. They bring tremendous expertise, honed through years of diligent effort. We are delighted to welcome them to our expanding portfolio management team in senior leadership positions."

CONTACT: Debra Draudt 609-454-5206Source:Equinox Financial Group, LLC