Investment advisers served by Fortigent will gain significantly expanded access to a platform of institutional hedge funds, private equity, real estate and funds-of-funds enhanced with research, due diligence and asset-allocation guidance.
As part of this strategic partnership and following an extensive review, Fortigent selected Central Park Group as adviser and manager of its access funds. The former Fortigent funds are now part of the Central Park Group platform, reinforcing Fortigent’s commitment to a fully open architecture approach with respect to asset manager selection for its customers.
Central Park Group has established a platform of offerings, supported by research, due diligence and client service, that provides advisers with alternative investment strategies. Fortigent will supplement the platform with manager suggestions, independent research, due diligence, monitoring and asset allocation guidance designed to serve the needs of advisers and institutions in the high-net-worth marketplace.
Fortigent Senior Managing Director David Littleton said his firm conducted a lengthy search for an adviser/manager for access funds, and determined that Central Park Group had the experience, expertise and integrity to manage the funds with the skill Fortigent aims to give its advisers and end clients.
“We believe this was an excellent time to transition management and advisory oversight of these funds to Central Park Group, consistent with our continued emphasis on an open architecture approach with no proprietary investment vehicles for the customers we serve,” Littleton said.
“As high-net-worth investor demand for institutional quality alternative investments increases, so does the need for independent research, due diligence and portfolio allocation guidance,” said Greg Brousseau, co-chief executive and co-chief investment officer at Central Park Group.
According to Mitchell Tanzman, co-chief executive and co-chief investment officer at Central Park Group, the relationship enhances its platform both in terms of the breadth of funds they offer and the depth of information and diligence available to clients.
Fortigent, which is owned by LPL Financial Holdings Inc., is a research firm and provider of high-net-worth solutions and consulting services.
Central Park Group is an independent investment advisory firm.