Dallas, TX, May 03, 2015 --(PR.com
)-- Warrington Asset Management, which was an independent but affiliated asset management group within Morgan Stanley (and predecessors) for the past 18 years, has finalized its separation from the bank and is now open as an alternative asset management advisor to a new set of prospective clients. Recent regulatory changes stemming from the financial crisis led Warrington and Morgan to re-evaluate their long standing relationship and to allow Warrington to expand its business outside of the Morgan Stanley Wealth Management network.
Dallas-based Warrington is headed by principal trader Scott Kimple, a third-generation Texan, who launched the fund in 1997. In moving the firm outside the bank, he and his long-time assistant portfolio manager Mark Adams have been building a team of industry experts, including the addition of COO Greg Fomin, formerly of Blue River Partners and Hunt Financial Ventures. Warrington achieved a compounded annualized return of approximately 11% over 18 years, but prior to this year was only available for investment to Morgan Stanley (and predecessor firms) customers.
Although he’s been trading client assets for over 25 years, Mr. Kimple is eager to offer his services to a new clientele made up of family offices, high net worth individuals, and institutional firms. Warrington also has constituted an advisory board so far made up of industry experts, such as Ken Webster, former President and COO of John Henry & Co., and Peter Borish, a long-time CTA and hedge fund manager who began his career as Paul Tudor Jones’ right-hand man and Director of Research in the early 1980s.
About Scott Kimple: Scott C. Kimple is the Founder, Principal and Portfolio Manager of Warrington Asset Management. Mr. Kimple began trading stock and bond positions for his personal account in January 1984, and commodity futures and options in July 1989. In April 1991, Mr. Kimple formally began his career as a trading assistant to Stan Finney, a highly successful trader at Shearson Lehman (a predecessor firm to Morgan Stanley Wealth Management), gaining experience in multiple futures and options markets. While working for Mr. Finney, Mr. Kimple researched, tested and honed his options-based trading strategy that he has utilized at Warrington since 1997. Mr. Kimple received a BBA in finance from Southern Methodist University and a MBA, with emphasis in finance and derivative securities, from SMU’s Cox School of Business. Mr. Kimple holds the Series 3, 7 and 63 licenses.
About Warrington Asset Management: Launched in 1997 by Scott Kimple, Warrington is a CTA with an 18-year track record utilizing trading strategies focused on the S&P 500 Index options on futures. Warrington ended its long-term internal affiliation with Morgan Stanley in January 2015. Warrington is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association.