Monday, 6 July 2015
Last updated 39 min ago
Mar 9 2012 | 10:31am ET
One fund of hedge funds has bought a minority stake in another, setting up a strategic partnership.
Lighthouse Partners has bought a slice of Denver-based 361 Capital. It also get access to 361's affiliated advisers and intermediaries, although the two firms will remain independent.
"We're absolutely committed to providing our clients with a full suite of what we believe are well-engineered liquid alternative investment products," 361's Brian Cunningham said. "I believe this new relationship will prove to be a win for everyone concerned."
"And we share the same vision of developing investment funds that seek to provide clients with greater access to a broad range of alternative investments," Lighthouse CEO Sean McGould added.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…