AlphaShare Managers Launch China-focused Management Firm

Mar 24 2011 | 11:04am ET

A team of AlphaShares managers has bought that firm’s institutional investment management business and formed a new entity, Baochuan Capital Management, to focus on investment opportunities in China. The value of the deal has not been disclosed.

AlphaShares cofounders Burton Malkiel (CIO) and Kevin Carter (CEO) will take up the same posts for Baochuan. Joining them in the new venture (whose name translates as “Treasure Boat”) will be Director of Research Mark Adams, Senior Portfolio Manager Jonathan Masse, and Director of Business Development Mark Wehrman.

The acquisition includes several institutional investment funds and strategies focused on China, including hedged, long-only and multi-strategy offerings.

AlphaShares will continue to create, license and manage investable indices for license as the basis for ETFs and other index-based products. Malkiel, Carter, Adams and Masse will remain on the AlphaShares Index Committee.

“This move allows both companies to focus on what they do best, with BaoCap managing investment portfolios for institutional investors and AlphaShares providing dedicated product development and support to index licences partnerships,” said Carter. “We are excited to move ahead with the new company and look forward to conintinuing to support the index business at AlphaShares.”


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.