The goal was to build a vehicle capable of bridging the gap between mutual fund diversification and hedge fund performance. We have accomplished exactly that!
Scottsdale, AZ (PRWEB) June 15, 2011
The multi-asset global fund provides calculated exposure to global business cycles with disciplined allocations following varying market themes. It offers time banded strategies that leverage both macro and micro investment themes in equities, fixed income, commodities and alternatives. The fund also uses a 3(c)-1 vehicle, permitting it to drive alpha by allocating investments to opportunistic alternative managers (hedge funds).
The fund is managed by Robert J. Boulware, former CEO of ING Funds Distributor, who is also Chairman of the Palo Verde Investment Committee. Mr. Boulware says “the goal was to build a vehicle capable of bridging the gap between mutual fund diversification and hedge fund performance. We have accomplished exactly that, providing actively managed sophistication with fee-sensitivity.”
“We believe the launch of the Global Core Plus marks a new and exciting addition to the Palo Verde family by offering investors access to alpha performance across global markets, complementing our non-correlated strategy, Global Liquid Alpha,” says Mr. Stacy, “Global Core Plus helps broaden the suite of products available to investors and leverages Bob Boulware’s experience and success in fund management and investment oversight.” The fund can invest in equities, commodities, fixed income and alternative strategies while maintaining emphasis on consistent, absolute returns. As an on-going theme, the firm prides itself on its ability to provide protection of principal and downmarket performance in all of its investment strategies.
Touting transparency, the fund has entered into management agreements with PartnersAdmin (record keeper), MS Howells (primebroker) and Pershing (custodian). Both actively managed and fee efficient, Global Core Plus is available to accredited investors and carries a $250,000 minimum investment.
About Palo Verde Capital
Founded in 2008, Palo Verde Capital is a leading multi-strategy alternative investment manager, providing disciplined investment management in a transparent, process-driven environment to institutional and accredited investors. Fully-transparent and fully reporting, the firm is committed to creating long-term value through experienced, skill-based investment management. The investment philosophy of the firm is centered on the concept of yielding absolute returns, regardless of overall market conditions or performance.
About Robert J. Boulware
Robert Boulware is a respected veteran of the financial industry, serving as a board member, C-Level executive and institutional investor for more than 25 years. He is the former President and Chief Executive Officer of ING Funds Distributor, LLC. His leadership provided management to the sales, marketing and investment oversight of both open and closed-end mutual funds in the U.S., serving retail, annuity and worksite platforms. Mr. Boulware’s experience also includes executive and management positions with WESAV Financial Bank of America and Western Savings. He currently sits on the board of several public and private companies, including serving on the investment committee for both GAINSCO and the MetLife Trust.