Dover, MA and New York (PRWEB) August 22, 2012
Island Light Capital and Covestor are pleased to announce that Island Light Capital is now an investment model manager on the Covestor.com investment trading platform. This development means that Island Light's Global Strategic ETF models are now offered for direct investment to long term investors.
Island Light’s investment methodology is designed on a process called “Enlightened Investing” that integrates proven investment technology, disciplined investment process, efficient funds and Island Light’s breadth of experience with sound judgment to create cost effective, risk-controlled and transparent portfolios. Enlightened Investing is a stable approach to portfolio management, emphasizing quantitative principles and proven investment practices, while accentuating asset allocation as the most important determinant of long term success in investment planning.
The Island Light Global ETF Models are fully-diversified core portfolios designed to participate in global economic equity growth with downside protection from excessive volatility. Island Light offers three distinct portfolios for different risk targets: the Income, Balanced and Growth ETF models.
The Island Light Capital Income ETF model is designed for long term investors seeking current income and some potential for long term capital growth. The model is targeted to a benchmark allocation of 60% fixed income investments and 40% global equities while also investing in alternative asset classes.
The Island Light Capital Balanced ETF model is designed for long term investors seeking current income and long term capital growth. This model is targeted to a benchmark allocation of 60% global equities and 40% fixed income investments while also investing in alternative asset classes.
The Island Light Capital Growth ETF model is designed for long term investors seeking long term capital growth with some current income. It is targeted to a benchmark allocation of 75% global equities and 25% fixed income investments while also investing in alternative asset classes.
“We are very pleased to offer our Global Strategic ETF portfolios on Covestor,” said Matthew Pierce, President of Island Light Capital. “Covestor represents a new generation of investment solutions for investors. Enlightened Investing is all about using great investment technology and collaborating with others of like mind. The folks at Covestor share our vision. Their trading platform is top notch and incredibly easy to use. Since they mirror our trades, our models are made available to all our subscriber clients. We think Covestor has an important role to play in the further democratization of asset management.”
“We’re very pleased to be able to offer an investment manager of Island Light Capital’s reputation and experience,” said Eric Esterkin, Director of Corporate Development at Covestor. “Island Light’s Global Strategic ETF portfolios investments are a new and compelling offering on our platform. Island Light’s vision of Enlightened Investing, collaboration and the use quantitative techniques to manage portfolios reflects the kind of thinking that we embrace at Covestor.”
About Island Light Capital
Based in Dover, MA, Island Light Capital is an investment advisory and consulting firm that specializes in the development of optimally diversified investment portfolios. Matthew V. Pierce, founder and portfolio manager, has more than 20 years of investment experience with some of the most innovative institutional investment advisers in the country.
Covestor brings the clarity and efficiency of an online marketplace to the world of money management. Investors can compare and select from a transparent marketplace of money management talent that includes top performing portfolio managers and successful investors. Covestor’s Portfolio Sync technology automatically replicates trades, providing clients the convenience of “set and forget” functionality and the protection of Covestor’s proprietary trade filtering.
Covestor is widely regarded as a pioneer in bringing separately managed accounts (SMAs) online in a transparent marketplace. Founded in 2006, the company has offices in New York City and London and is funded by leading VC firms including Union Square Ventures, Spark Capital and Amadeus Capital Partners.
Covestor is an investment adviser registered with the US Securities and Exchange Commission under the Investment Advisers Act of 1940. Additional information can be accessed directly from our Form ADV document, available at http://www.covestor.com.
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security or subscribe to any particular investment model. Please take appropriate professional advice in any investment decisions.