Friday, 22 August 2014
Last updated 11 hours ago
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.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note