Wachovia Quietly Doubles Number Of Hedge Funds

Mar 3 2006 | 1:00am ET

Wachovia Alternative Strategies is following the lead of many large financial firms and expanding its hedge fund offerings at a dizzying pace. In recent months, the firm, which changed its name in December from Evergreen Alternative Strategies to Wachovia Alternative Strategies, has doubled the number of its hedge fund offerings, which now stand at 27.

According to Dan Flaherty, a spokesman for Wachovia, the firm currently has $1.2 billion in assets under management in its alternatives business. He declined to provide specifics about the new offerings.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of