Investment Products and Service Launches

PMC Providing Long/Short Equity Strategies; Vanguard Establishes Total Corporate Bond ETF; and Swell Investing Launches Impact IRA.

By Javier Simon | August 24, 2017
Page 1 of 4

PMC Providing Long/Short Equity Strategies

Envestnet’s portfolio management consulting group PMC is now providing advisers with access to long/short equity strategies available on the Envestnet platform through separately managed accounts (SMAs).

PMC seeks to offer access to multiple alpha-generating long/short equity strategies spanning market capitalizations, geographic regions, market sectors, and investment styles through SMAs, and is actively looking to build out its lineup.

Envestnet | PMC currently offers three long/short equity strategies as SMAs: AlphaHedge, HarborWalk, AlphaHedge Infinitas and AlphaHedge ISF. 

Envestnet | PMC notes all investment strategies are held in brokerage accounts registered under the name of the investor, and all securities are directly owned and transparent to the investor. PMC says this transparency allows advisers to perform extensive analytics on a strategy at any time. Investors are free to increase or reduce the capital allocated to their managed accounts at any time. 

Most of the strategies require a minimum investment of $250,000.

"With market valuations reaching all-time highs, the timing couldn't be better for bringing institutional-quality, thoroughly vetted hedge fund strategies to financial advisers—at lower minimums and within products that are ideally designed for their clients," says Bill Crager, president of Envestnet. "Access to boutique managers with strong alpha-generating characteristics enables the Envestnet | PMC team to craft portfolios that have greater potential to deliver alpha-driven, risk-managed returns."

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NEXT: Vanguard Establishes Total Corporate Bond ETF