Sunday, 29 March 2015
Last updated 1 day ago
Jun 17 2011 | 8:09am ET
Palo Verde Capital has launched a new fund, Global Core Plus, an internationally diversified multi-strategy vehicle.
The fund is managed by Robert Boulware, former CEO of ING Funds Distributor, who also serves as chairman of the Palo Verde Investment Committee.
“The goal was to build a vehicle capable of bridging the gap between mutual fund diversification and hedge fund performance. We have accomplished exactly that, providing actively managed sophistication with fee-sensitivity,” said Boulware.
Tony Stacy, founder of Palo Verde Capital, explained that the new fund provides calculated exposure to global business cycles with disciplined allocations following varying market themes. Its strategies leverage both macro and micro investment themes in equities, fixed income, commodities and alternatives. The fund also uses a 3(c)-1 vehicle, which permits it to opportunistically allocate capital to hedge fund managers.
“We believe the launch of the Global Core Plus marks a new and exciting addition to the Palo Verde family by offering investors access to alpha performance across global markets, complementing our non-correlated strategy, Global Liquid Alpha,” said Stacy, “Global Core Plus helps broaden the suite of products available to investors and leverages Bob Boulware’s experience and success in fund management and investment oversight.”
Scottsdale, Arizona-based Palo Verde Capital was founded in 2008. The firm boasts approximately in $200 million in assets under management.
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…