Saturday, 27 August 2016
Last updated 2 hours ago
Jul 2 2007 | 1:19pm ET
Rochdale Investment Management, a high net-worth investor and family office advisory, has launched its first registered fund of hedge funds. The new vehicle boasts a minimum investment requirement much lower than that of the average hedge fund or fund of funds.
The Rochdale Core Alternative Strategies Fund is subadvised by AIG Global Investment Group, and features a minimum investment of just $25,000. Interested parties are still required to meet “qualified investor” standards before investing in the Securities and Exchange Commission-registered offering.
"In creating an SEC-registered hedge fund, we are pleased, once again, to be at the forefront of portfolio innovation. We view alternative assets as an intelligent and prudent way for investors to achieve diversification beyond traditional asset classes," said Garrett D'Alessandro, CEO and President of Rochdale.
New York-based Rochdale manages roughly $2.5 billion in assets.