Wednesday, 27 May 2015
Last updated 4 hours ago
Jul 12 2007 | 10:47am ET
Nikko Asset Management will launch a fund of funds that will invest in a blend of traditional and alternative asset classes later this month.
The Professional Stage Fund will invest in equities, bonds, hard assets (commodities, real estate, and infrastructure).
It will initially invest in 11 asset classes that have been identified through the firm’s World Series platform. Current managers included in the fund’s hard assets and alpha strategy portfolios include Macquarie Alternative Investments (infrastructure), Wells Capital Management (arbitrage strategy), Calrivest Asset Management (market neutral strategy) and GRT Capital Partners (long/short equity).
“Nikko AM’s World Series platform now offers 45 funds and total net assets has grown to ¥2,869 billion (US$23.3 million),” said Timothy McCarthy, chairman and CEO. “Through the platform, the firm has alliances with 30 sub-advisors. Drawing on this unique program, we are pleased to provide investors with access to superior investment techniques from around the globe.”
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…