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Products September 9, 2009
Westrock and Creighton Join Forces in Asset Management
September 9, 2009 (PLANSPONSOR.com) - Westrock Asset
Management announced the formation of a joint venture with
Creighton Capital Management to offer a set of quantitative
products to institutions and other qualified
investors.
Reported by Rebecca Moore
According to the announcement, the joint venture will offer the following portfolios: US Quantitative Equity Long, Global Quantitative Equity Long (ex-US), and Global Quantitative Equity Market-Neutral. The joint venture will also offer yield-enhanced portfolios to high net worth and other qualified investors which will include investment grade and high-yield term bond funds.
Jim Creighton, founder of Creighton Capital Management, will be the Portfolio Manager of the joint venture.
The announcement said Westrock Group Inc., a New York based broker-dealer and wealth management firm, is the first financial services firm to be 100%-owned by an American Indian Tribe. With minority-owned status and the Creighton joint venture, Westrock said it will be eligible for Federal and state government pension plan and endowment allocations to minority-owned firms.
More information is at http://www.westrockgroupinc.com .