Copia Capital Management appoints managing director as part of wider expansion

Also adds distribution capabilities

Copia Capital Management has hired Robert Vaudry as managing director and Tony Hicks as an investment specialist as it seeks to achieve a “sound footing” in preparation for further business growth, Investment Week can reveal.

In his new role, Vaudry will report to Novia CEO Bill Vasilieff, who described him as a "very senior and well-respected individual", the appointment of whom reflects "the growing scale and success of Copia". Inflows into flagship Copia Select accelerate Vaudry pointed to three key elements that attracted him to the position, including the use of a quant risk model, which provides "an unemotional benchmark to set the ground rules about decisions on investing", the "innovation" within the firm, including its custom and retirement portfolios, and the cost of the services provided. "Co...