Products May 1, 2008

GlobalBridge Adds 130/30 Fund to Alternative Investment Lineup

May 1, 2008 (PLANSPONSOR.com) - GlobalBridge Inc., provider of separately managed account solutions for trust banks and wealth advisers, and investment firm Smith Group Asset Management announced the availability of the Smith Group's 130/30 Strategy to GlobalBridge's lineup of alternative investment solutions.
Reported by

In the announcement, the firms noted that data from Financial Times indicated more than half of U.S. public pension plans and a quarter of corporate pension plans are expected to increase their investments in 130/30 strategies over the next three years. About 17% of foundations and endowments said they would do the same, the announcement said.

Kent Smith, Smith Group director of marketing and partner, said in the announcement: “The Smith Group 130/30 portfolio uses the same investment process used on our flagship Large Cap Core/Growth strategy, which has a long track record. Our bottom-up research is used to determine attractive and unattractive stocks. Approximately 82 percent of a 130/30’s returns will come from the long-only book. The net exposure to the market is very similar to a long-only portfolio. Results of our portfolio show the 130/30 delivers enhanced returns above the long-only Large Cap Core/ Growth, with a similar risk profile.”

More information can be found at www.globalbridge.com and www.smithasset.com .

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