Sunday, 26 April 2015
Last updated 1 day ago
Oct 16 2012 | 8:54am ET
FISCO Funds Management and OP 8 Analytics have joined forces to launch a new investment management company, CARF Management.
The new firm will serve as investment adviser to the River Rock IV Fund, which is slated to launch in the fourth quarter. The new mutual fund, designed to be actively managed with an emphasis on safety and preservation of wealth, will provide investors with access to an alternative investment strategy.
"Static allocations to portfolio classes and simple buy-and-hold strategies are no longer viable in today's volatile environments," said Kevin Ellis, a principal at FISCO Funds Management and CARF's Chief Operating Officer. "Our mission is to actively manage the River Rock IV portfolio in an attempt to enhance returns while seeking to maintain a core of safety and stability that may protect and grow wealth."
Tim Price, CARF's Chief Investment Officer and CIO of OP 8 Analytics, believes that investors have been slow in adapting to the rigors of the secular bear market.
"We expect the bear market to continue for at least a decade," said Price, "and we're going to offer our clients an actively managed investment that may not subject them to the whims of the market's direction."
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…