US - Wilshire Funds Management and Fairfield Greenwich Group (FGG) have joined forces to offer pension funds a turnkey portable alpha solution combining alpha and beta in one product.
The two firms have announced a strategic relationship that will see them launching investment strategies that are able to be customised and will combine alpha and beta in one turnkey portable alpha solution.
FGG, a hedge fund of hedge funds worth more than US$10bn will be providing institutional quality alpha solutions while Wlilshire, a multi-manager with over $15bn in assets under management will act as the beta manager.
Lawrence Davanzo, senior managing director and head of Wilshire Funds Management said: “We think this turnkey solution combines a quality source of alpha with an appropriate management of beta. Clients will have an extra layer of comfort knowing they have two firms with extensive experience as fiduciaries overseeing their portable alpha programme.”
Jeffrey Tucker, one of FGG’s founding partners, added: “We are confident this is an extremely attractive portable alpha program, one which we believe offers a very seamless, efficient, and powerful investment strategy.”
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