Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Player: Drexel Hamilton Starts a Mutual Fund Family Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 17, 2011

New Player: Drexel Hamilton Starts a Mutual Fund Family

Reported by Armie Margaret Lee

Drexel Hamilton Investment Partners has made its foray into the mutual fund business. The New York City-based, military disabled veteran-owned firm unveiled four sub-advised equity funds aimed at the institutional space. [prospectus]

Andrew Bang
Drexel Hamilton Investment Partners
Partner
Drexel Hamilton Investment Partners (not affiliated with the Phildelphia-based broker-dealer Drexel Hamilton) was founded in November of last year by Army and Navy veterans who are also alums of Credit Suisse, GE Asset Management and SEI Investments. Drexel Hamilton's principals are James Abate, Andrew Bang and Cal Quinn.

Abate also runs Centre Asset Management, which sub-advises two Drexel Hamilton funds, Drexel Hamilton Centre American Equity Fund and Drexel Hamilton Centre Global Equity Fund.

The other Drexel Hamilton funds are Drexel Hamilton 8IP Asia Pacific Equity Fund, sub-advised by Eight Investment Partners Pty Limited and Drexel Hamilton FOUR European Equity Fund, sub-advised by FOUR Capital Partners.

The four funds each come with an expense ratio of 125 basis points.

Aside from the mutual funds, Drexel Hamilton operates a hedge fund, Drexel Hamilton Centre US Long/Short Equity Fund.

Bang told The MFWire that the firm plans to launch a retail share class for the mutual funds within the next year. For now, the firm's sole focus is on the institutional market.

"Our background is on the institutional side," he said.

Drexel Hamilton hired ALPS, which was recently acquired by DST Systems, as the funds' transfer agent, adminstrator and distributor, Union Bank as custodian, the investment law group of Gillett, Mottern & Walker, LLP as legal counsel and Rothstein, Kass & Company, P.C. as the independent registered public accounting firm. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use