‘Revolutionary’ Approach To Funds Of Funds

Jan 19 2011 | 4:54am ET

With five successful years under its belt, Attucks Asset Management is launching a fund of hedge funds based on a separate account it runs for an institutional investor.

The multistrategy vehicle is the first of Attucks’ Revolution Funds, which the firm hopes to build into a fund of funds family. Eventually, Attucks plans to offer single strategy funds of funds, but will initially focus on commingled and customized managed accounts based on its multistrategy portfolio, Pensions & Investments reports.

Attucks, which has $1.8 billion in assets under management, will use Riverside Portfolio Management’s platform for the Revolution Funds. A minority- and woman-owned firm, Attucks already favors many similarly minority- and woman-owned funds on Riverside’s platform.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note