MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 23, 1999 Former PanAgora Execs Found Firm Bruce Clarke, the former chief executive officer, and Peter Rathjens, the former chief investment officer of PanAgora Asset Management have announced the formation of their new investment management venture, Arrowstreet Capital.
Arrowstreet's initial products, marketed to institutional investors, will include a range of structured equity and asset allocation investment strategies. Defined benefit pension plans represent Arrowstreet's largest target market because, according to Bruce Clarke, the new firm's chief executive officer, these plans have shown the greatest acceptance of structured investment products. "We believe that sophisticated institutional investors are increasingly concerned by managers' inability to provide consistent value-added and to control portfolio risk." said Peter Rathjens, Arrowstreet's chief investment officer. "As a result, the U.S. pension community has begun a move away from traditional active management, turning to strategies that incorporate structure and risk control." Arrowstreet Capital plans to initially focus its strategy and product development on three asset classes: global equities, global asset allocation, and emerging markets. Once these are operational, the new firm intends to develop market neutral versions of these stock selection and global asset allocation strategies. Printed from: MFWire.com/story.asp?s=25006 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |