Kevin Davis Joins XA Investments as Head of Sales & Distribution

Rhea-AI Summary

XA Investments (XAI) has appointed Kevin Davis, CFP®, as Managing Director and Head of Sales & Distribution. Davis brings over 25 years of experience in alternative investment management, focusing on distribution. He previously held senior roles at BNY Mellon, Fidelity, Salient Partners, and Sun Life. At XAI, Davis will lead the distribution of the Octagon XAI CLO Income Fund (OCTIX) and future funds. XAI's closed-end fund, XAI Octagon Floating Rate & Alternative Trust (XFLT), had $679M in assets as of May 31, 2024. Davis' appointment aims to capitalize on rising demand for interval funds.

Positive

• Kevin Davis brings 25+ years of alternative investment expertise.
• Davis has held executive roles at prestigious firms like BNY Mellon and Fidelity.
• XFLT had $679M in total managed assets as of May 31, 2024.
• Davis' expertise in family offices and ultra-high-net-worth clients could enhance XAI's client base.
• Davis' leadership expected to boost distribution for the Octagon XAI CLO Income Fund (OCTIX).
• Growing demand for interval funds could benefit XAI's future sales and distribution efforts.

Negative

• The PR lacks specific financial projections or performance metrics.
• No immediate impact on stock price or revenue mentioned.
• Potential risks if Davis does not meet sales expectations in the new role.

Focus on Distributing XAI’s Alternative Investment Funds

CHICAGO--(BUSINESS WIRE)-- XA Investments LLC (“XAI”), a Chicago-based alternative investment management and consulting firm, today announced that Kevin Davis, CFP®, has joined XAI as a Managing Director and Head of Sales & Distribution. Mr. Davis brings a wealth of alternative investment expertise to bear in leading XAI’s distribution efforts in the interval fund and closed-end fund marketplace.

Mr. Davis has more than 25 years of experience in the investment management industry, with a focus on sales and distribution during that entire period. Most recently, he was a Senior Vice President and Client Strategist for BNY Mellon, where he led a team of specialists to support family offices and ultra-high-net-worth clients. Prior to that, Mr. Davis was a Vice President for Fidelity’s family office services division, working again with family offices and ultra-high-net-worth clients. Mr. Davis has also held various sales management roles at Salient Partners and Sun Life.

Kimberly Flynn, President of XAI, said, “With the demand for interval funds on the rise, ensuring that we have sales leadership with a history of delivering results in this key position is essential. We are delighted to welcome Kevin to the XAI team. He brings significant alternative product sales experience in the family office, registered investment adviser and broker-dealer channels to our firm.”

In his leadership role, Mr. Davis will work to distribute XAI’s most recently launched interval fund, the Octagon XAI CLO Income Fund (OCTIX), along with developing a team to support sales of future funds sponsored by XAI. The firm also manages a listed closed-end fund, XAI Octagon Floating Rate & Alternative Trust (NYSE: XFLT). XFLT had $679 in total managed assets as of May 31, 2024.

Mr. Davis earned his BA in Communications and Business Administration from Trinity University. He is a Certified Financial Planner™ and holds FINRA Series 7 and 63 licenses. Kevin lives in Houston, Texas with his wife and 2 children.

About XA Investments

XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in April, 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston, Dallas and London. For more information, please visit www.xmscapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611797632/en/

Kimberly Flynn, President

XA Investments LLC

Phone: 888-903-3358

Email: KFlynn@xainvestments.com

www.xainvestments.com

Source: XA Investments LLC

FAQ

Who is the new Head of Sales & Distribution at XA Investments?

Kevin Davis, CFP®, has been appointed as the new Head of Sales & Distribution at XA Investments.

What is Kevin Davis' previous experience before joining XA Investments?

Kevin Davis has over 25 years of experience in investment management, including senior roles at BNY Mellon and Fidelity.

What are Kevin Davis' responsibilities at XA Investments?

Kevin Davis will lead the distribution of the Octagon XAI CLO Income Fund (OCTIX) and develop a team for future fund sales at XA Investments.

How much are the total managed assets of XFLT?

As of May 31, 2024, XFLT had $679 million in total managed assets.

What is the significance of Kevin Davis joining XA Investments?

Kevin Davis' appointment aims to leverage his extensive experience to boost the distribution of XAI's funds and capitalize on the growing demand for interval funds.