Friday, 26 December 2014
Last updated 2 days ago
Dec 12 2006 | 2:23pm ET
Aletheia Research and Management, Inc, a registered investment advisor, has entered into a strategic partnership with Proctor Investment Managers LLC, which makes private equity investments in, and provides institutional sales and marketing to, boutique investment managers.
Under terms of the transaction, Proctor acquired a 10% equity interest in Aletheia and became its strategic sales and marketing partner.
Proctor, which began operating early in 2006, seeks to take equity positions in complementary investment managers and provide them with a robust sales and marketing platform to accelerate their success and growth. This marks Proctor’s fifth joint venture but is the first one in which it has taken an equity stake in a firm.
"This transaction marks our first equity investment among the five agreements we have completed in 2006, and it represents our first partnership with a firm that offers both traditional and alternative products," said James Coley II, Proctor's chairman and CEO, in a statement.
Aletheia manages approximately $3.25 billion in assets in large-capitalization growth, large-capitalization value, international growth and various income products, along with a market-neutral hedge fund. Founded in 2006, Proctor Investment Managers seeks to take equity positions in complementary investment managers and provide them with a sales and marketing platform to accelerate their growth. Proctor is backed by National Bank Financial, a Canadian investment bank.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.