Investment firm Federal Way Asset Management LP has relocated from its namesake city to Seattle, with a rebrand reflecting its new downtown home.

The company, which offers both alternatives management and fiduciary management services with approximately $5.6 billion in assets, today announced its new name: Aptitude Investment Management LP.

“Since becoming an independent firm five years ago, we have sought to provide our clients with deep alternatives investing expertise and intelligent solutions in order to generate superior, long-term, risk-adjusted returns,” said Jeffrey Klein, Aptitude’s CEO.

 “Our new name, Aptitude, reflects the talent and skills that we seek in the managers in which we invest, strengthening our ongoing commitment to raising the bar for what a global investment boutique can be. We look forward to leveraging the long institutional legacy of our founding principals – nearly 20 years in the making – to source and access managers whom we believe have a significant edge in investing and aptitude,” Klein added.