Saturday, 28 March 2015
Last updated 16 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…