Deals & People October 23, 2012

CAPTRUST Expands Footprint With N.Y. Office

The newest office of CAPTRUST Financial Advisors opened in Manhattan.
Reported by

With an expanding client base in the New York metropolitan area, the office will accommodate a number of the firm’s financial advisers and provide a local base for servicing clients in New York.

John Davenport has been hired as vice president and financial adviser for the New York office, where he will provide investment advisory services to fiduciaries of corporate retirement plans. Davenport, a CFA charter holder, joins CAPTRUST from Barclay’s and was previously an intern at CAPTRUST while attending high school and college.

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The Manhattan office is the firm’s third new location this year. It is the 18th CAPTRUST office across the country, and joins a growing roster of offices in retirement markets such as Houston, Washington, D.C., Los Angeles, and most recently, Boston. In July, the firm acquired Bay Colony Partners. (See “CAPTRUST Expands Presence in Boston.”)

“I’m thrilled to have John back with us and working out of our newest office,” said J. Fielding Miller, chief executive of CAPTRUST. “Our advisers have been doing a great job in the metro New York area for some time and the new Manhattan office will allow us to take it to the next level. It’s great to have a local presence in the financial capital of the world.”

CAPTRUST Financial Advisors is an independent retirement plan advisory firm based in Raleigh, North Carolina.

Products October 23, 2012

Hundredfold Unveils Share Class

 

A new investor share class for the Hundredfold Select Alternative Fund was rolled out by the investment adviser.


 

 

Reported by

According to Mary Collins, managing member of Hundredfold Advisors, the share class gives more investors the opportunity to take advantage of the Select Alternative Fund’s active management strategy, which anticipates and responds to emerging trends in fixed-income and equity securities. “Financial advisers are increasingly allocating to liquid alternative mutual funds that offer the benefits of hedge funds in an accessible format,” Collins said. “The Select Alternative Fund is well positioned to meet that demand.”

Hundredfold Advisors, which has acted as sub-adviser to the Hundredfold Select Funds since their inception in 2004, employs a range of alternative, technical and defensive investment strategies in the management of their family of funds. The Select Alternative Fund seeks a moderate rate of total return (income plus capital appreciation) annually in part by identifying, quantifying and controlling elements of risk as an integral part of the investment strategy.

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An active approach to investing allows for greater levels of flexibility in difficult markets than traditional buy-and-hold strategies, said Ralph Doudera, portfolio manager at Hundredfold Advisors. “Our approach gives us the ability to respond to emerging trends and better control for risk, while providing low correlation to the overall markets and daily liquidity,” he said.

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