Adviser Launches SEC Registered Fund of Hedge Funds

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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...