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 |
|
Thursday, November 17, 2011 New Player: Drexel Hamilton Starts a Mutual Fund Family 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]
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. Printed from: MFWire.com/story.asp?s=38370 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |
