Strategic Capital Advisors, LLC, Brokers Three Key Acquisitions for Pioneer Investment Management, Inc.
Strategic Capital Advisors, LLC, led by founder Arthur J. Drago, brokered three strategic deals for Boston-based Pioneer Investment Management, Inc. in 2004, bringing the Pioneer family of funds approximately $3.3 billion in assets and the adoption of 13 funds inclusive.The latest transaction was Pioneer's $3.1 billion acquisition of 22 Safeco (Nasdaq: SAFC) mutual funds from the Seattle-based insurance company. Seven of these funds were reorganized as Pioneer funds; fifteen were merged into existing Pioneer funds. Earlier in the year, two Oak Ridge (Oak Ridge Investments, LLC, Chicago) equity funds with a total of $25 million in assets were reorganized as Pioneer Oak Ridge funds, and four Papp (L.
Roy Papp & Associates, LLP, Phoenix, AZ) equity funds with a total of $153 million in assets were reorganized as Pioneer Papp funds.
"Strategic Capital Advisors took the extra time to understand our company and our posture," noted Steven Graziano, Pioneer's Executive Vice President, Strategic Marketing. "The firm's deliberate approach to the search and its thorough vetting of candidates helped us make the right strategic fit in all three acquisitions. Arthur's in-depth knowledge of our business and culture convinced our new partners of the merits of the fits as well."Strategic Capital Advisors, LLC, a wholly owned subsidiary of Drago Holdings, LLC, specializes in mergers and acquisitions for the financial service industry..
THE BIG SECRET THE MUTUAL FUNDS DON?T WANT YOU TO KNOW?INDEXING!
Non-indexed mutual funds try to keep it secret that actively managed mutual very funds rarely do better stock market indexes. The higher fees of the managed funds really make it hard for these funds to out compete indexed funds. Smart financial journalists occasionally rat out fund managers for not educating the public in this regard. When this happens the mutual fund managers make a feeble attempt at self defense by pointing to something called the 5% rule. This rule says that for a fund to market itself as diversified it cannot have more than 5% of 75% of the funds total assets in a single stock.
In other words, a fund can have 25% of its holdings in a single stock, but the remaining 75% must follow the 5% rule. The 5% rule was created by the Investment Company Act Requirement. Fund managers claim that this hampers their performance instead of admitting that they are in the business just to clip you for high fees while the mutual fund under-performs the general market. The truth...
THE BIG SECRET THE MUTUAL FUNDS DON?T WANT YOU TO KNOW?INDEXING!
Hedge funds > THE BIG SECRET THE MUTUAL FUNDS DON?T WANT YOU TO KNOW?INDEXING!
Altegris Investments Announces New Director of Hedge Fund Research
La Jolla, CA (ContentDesk) July 6, 2006 Altegris Investments Inc. is pleased to announce that Michael Ding has joined the firm as the Director of Hedge Fund Research. Mr. Ding was previously Vice President, Research and Investment Management, for Abria Alternative Investments, Inc. in Toronto, Canada, where he worked since June of 2003.
Prior to this, he was a Senior Investment Analyst in Alternative Investments for the National Bank of Canada, and a Hedge Fund Research Analyst for the Northern Trust Company, in addition to several financial analyst roles.