Products January 30, 2012

Astor Long/Short ETF Fund Added to Paychex Platform

Knight Capital Group Inc. announced that Astor Long/Short ETF Fund was added to the 401(k) platform at Paychex Inc. 
Reported by

Astor specializes in constructing portfolios by investing in exchange-traded funds (ETFs) based on a macroeconomic approach to tactical asset allocation. Astor’s strategies are designed to offer investors exposure to multiple asset classes, with the goal of providing investors with positive returns throughout a complete market cycle. These portfolios of ETFs are offered through the Astor Long/Short ETF Fund (A Share: ASTLX; C Share: ASTZX; R Share: ASTRX; I Share: ASTIX), as well as through financial advisers within separately managed accounts.

“We are very excited about having the Astor Long/Short ETF Fund added to Paychex’s platform and offering an absolute return-style product to the company’s many 401(k) participants,” said Robert N. Stein, Astor’s founder and senior managing director and head of global asset management at Knight. “I believe that individuals investing for retirement are looking for further diversification in their portfolios and want the ability to choose from more than just the traditional ‘buy-and-hold’ funds. We believe Astor’s tactical asset allocation and active management strategies fill this need.”

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For more information about Astor Asset Management, visit www.astorllc.com. 

Deals & People January 30, 2012

Reliance Trust Adds ESOP Valuation Expert

Reliance Trust Company added employee stock ownership plan (ESOP) valuation expert Bucky Wright to its investment team. 
Reported by

Wright will work closely with the investment and fiduciary services groups at Reliance Trust.

Wright was previously a valuation manager at Willamette Management Associates, and has been a presenter of various valuation topics for the New South Chapter of The ESOP Association, the Southeast Regional ESOP Association and the Institute of Business Appraisers. His articles have been published in professional publications, including the Journal of Employee Ownership Law and Finance. He is also a member of The ESOP Association and The National Center for Employee Ownership.

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Wright is an accredited senior appraiser of the American Society of Appraisers and has a master of business administration degree from Kennesaw State University and a bachelor of administration degree in finance from the University of Georgia.

 

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