Monday, 29 August 2016
Last updated 2 days ago
Jan 29 2007 | 1:42pm ET
New York-based Proctor Investment Managers has partnered with Circle T Explorer, a New York City-based fund of hedge funds shop, to help market emerging managers.
Under the partnership agreement, Proctor has acquired a 24.9% minority equity interest in Circle T and has become its strategic sales and marketing partner, according to the firm.
Proctor will provide Circle T with institutional and intermediary sales, marketing and client services. In addition, Proctor will assist Circle T in with risk management, compliance and financial management services.
Circle T currently has approximately $110 million in assets under management and invests only in managers at the early stages of development, which is typically when the manager’s assets under management are between $10 million and $300 million.