Aletheia Research Partners With Proctor Investment

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...