‘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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…