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Holbrook Holdings Welcomes Dan Toomey to Boost Portfolio Management

In a strategic move aimed at enhancing its investment capabilities, Holbrook Holdings has welcomed Dan Toomey to its Portfolio Management Team. This addition comes as the firm prepares for an exciting new chapter in its investment strategy with the launch of a core-plus strategy anticipated in 2025.

Dan Toomey brings a wealth of experience to the table. Previously, he served as a Senior Trader for Millennium Management, a respected multi-strategy hedge fund. Before his tenure there, Toomey was a Senior Portfolio Manager at the Tennessee Consolidated Retirement System (TCRS). His experience at TCRS spanned eight years, during which he managed around $4 billion in fixed income securities. Under his guidance, TCRS saw immense success, including Toomey being recognized as the top-ranked Corporate Bond portfolio manager in the U.S. among pension funds holding over $10 billion in assets.

Scott Carmack, the Founder and CEO of Holbrook Holdings, expressed enthusiasm about Toomey joining the team. Carmack stated, "We are excited to have Dan on the team. Our employees are the most important ingredient for our future success. Dan brings with him an excellent track record in corporate credit. Pairing his expertise with Ethan Lai, who I think is the best Structured Credit manager on Wall Street, and our timely macro-economic calls, I believe the investment world will have no choice but to take notice."

The addition of Toomey to work alongside existing team members Scott Carmack and Ethan Lai represents a commitment by Holbrook Holdings to maintain its competitive edge within the financial markets. With over $2.2 billion in assets under management across their two mutual funds—the Holbrook Income Fund (HOBIX) and the Holbrook Structured Income Fund (HOSIX)—the firm has been recognized for its impressive performance. HOBIX is currently rated 5-Stars by Morningstar and received accolades in 2023 as the Best Flexible Income Manager over both a 3-year and 5-year horizon.

Looking ahead, both Toomey and Lai will play pivotal roles in the rollout of Holbrook’s core-plus strategy, which aims to broaden the scope of investments and potentially enhance returns for clients. This strategy will require a deep understanding of macroeconomic trends and corporate credit dynamics, areas where Toomey’s background will prove beneficial.

As Holbrook Holdings continues to adapt and innovate within the shifting landscape of financial services, the addition of experienced professionals like Toomey exemplifies the firm’s strategy of placing top talent in key positions. With a forward-looking approach and an emphasis on strategic growth, Holbrook Holdings is set to navigate future challenges while delivering value to its investors.

For those monitoring developments in investment management and mutual funds, the unfolding partnership between Toomey, Carmack, and Lai at Holbrook Holdings is certainly one to watch in the upcoming year. With their combined expertise, they might just redefine the standards for success in the capital markets.