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

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

Rating:Havener Helps an N.J. Shop Climb Into the Mutual Fund Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 21, 2016

Havener Helps an N.J. Shop Climb Into the Mutual Fund Biz

Reported by Neil Anderson, Managing Editor

A four-year-old SMA shop in New Jersey just entered the mutual fund business directly.

Steve Selver, CEO of Bramshill Investments, confirms the recent launch of the Hackensack-based firm's first mutual fund, the Bramshill Income Performance Fund, powered by the firm's flagship absolute return fixed income strategy. The fund debuted with about $40 million in seed capital from RIAs, and the employee-owned asset manager has about $340 million in total AUM.

Bramshill founder and CIO Art DeGaetano and Bramshill PM and analyst Derek Pines PM the new fund. Third-party marketing firm Havener Capital Partners will lead the RIA channel sales and marketing efforts for the fund, while BBD is the fund's accounting firm and Morgan Lewis & Bockius provides legal counsel. U.S. Bancorp Fund Services is the transfer agent, U.S. Bank itself handles custody, and U.S. Bank's Quasar Distributors is the fund's distributor.

"Our strategy was originally created to solve investors' challenges in fixed income, but was only available as a separately managed account," Selver states. "When our investors requested a mutual fund, we listened. Now through our relationship with Havener, we look forward to partnering with other RIAs facing the same challenges."

"RIAs have shared that fixed income is a primary challenge," states Stacy Havener, founder and CEO of her eponymous firm. "Adding Bramshill as a client reflects our commitment to respond to advisors' needs with solutions from high-quality managers who may not hit the typical investment screens."

Separately, Bramshill also recently indirectly entered the mutual fund business, too. Bramshill teamed up with Trust and Fiduciary Management Services (TFMS) to create a new Bramshill subsidiary, Trust and Fiduciary Income Partners (TFIP). TFIP has about $120 million in AUM and will take over TFMS' subadvisory duties on a pair of LoCorr mutual funds, with Bramshill's DeGaetano co-PMing alongside TFMS' Steven Carhart.

Bramshill's core strategy dates back to 2009, when DeGaetano was at hedge fund shop GLG Partners. The Man Group bought GLG in 2010, and in 2012 DeGaetano spun out Bramshill. 

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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use