Tuesday, 31 March 2015
Last updated 14 min ago
Jan 21 2011 | 10:18am ET
Texas-based Frost Investment Advisors has launched a mutual fund incorporating hedge fund and private equity strategies.
Frost says its Diversified Strategies Fund, under lead manager David Telling, will seek to appreciate in an up market and outperform a down market to preserve assets. The prospectus calls for the fund allocation to include 60% investment in traditional investment assets, including stocks, bonds, cash and listed options. The hedge replication module will comprise 30% to 40% of the portfolio, using hedge beta strategies and hedge fund replication of indices, supported by publicly available products.
“The Frost Diversified Strategies Fund is one of the first mutual funds to give individual investors access to a vehicle that acts similarly to a hedge or private equity fund,” said Tom Stringfellow, president of Frost Investment Advisors. “The fund will incorporate many aspects of our Optimum asset allocation strategies along with investments in alternative assets, which should help reduce the downside risk of large market drawdowns, while providing potential upside opportunities. The fund will complement our other offerings.”
Stringfellow will co-manage the fund as will Brad Thompson and Jeffery Elswick.
Frost Investment Advisors began offering mutual funds in April of 2008, initially to serve the needs of institutional clients, and expanding to offer retail shares in June 2008. With the addition of the Frost Diversified Strategies Fund, the first fund created by the advisor since 2008, the firm now provides investment advisory services to 14 mutual funds that include institutional and retail shares on approximately 200 platforms as of December 31, 2010.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…