Jon Havice, ex-CIO of SlocumJeffrey Slocum & Associates—investment consultant on $123 billion—has lost its CIO Jon Havice, according to an insider and digital records.
Havice quit this month to spin out an equities derivatives strategy that Slocum had been incubating, his LinkedIn profile confirms. The new firm DGV Solutions was “founded by the key principals of Slocum,” its website said, but lists no names.
Repeated calls to Slocum’s director of administration for confirmation were not returned. Havice and Slocum Principal Texas Hemmaplardh likewise did not respond to CIO’s messages.
The Minneapolis-based advisor recently wiped all staff listings and biographies from its website.
DGV Solutions is the second asset manager to spin out of Slocum. In 1996, President Jeff Slocum co-founded high-net-worth investor Northside Capital Management, where he serves as a managing member.
Havice and DGV’s COO Lance Breiland began raising money while Havice continued to work as Slocum’s CIO, regulatory filings show.
DGV’s flagship product—the “Enhanced US Equity Fund”—took in $122 million on May 4, 2015, as documented with the US Securities and Exchange Commission.
Slocum’s website now discloses its relationship with DGV as an “affiliate” owned by in part by Slocum principals.
This disclosure appeared well after the initial fundraising. An archived version of the website from September 2015 stated, “We are not affiliated with and do not maintain any financial arrangements with investment managers… We operate under the quaint principle that our clients should never have to wonder whose side we are on.”
Slocum had 130 institutional clients as of June 2015, advising on $123 billion in assets.