WEST PALM BEACH, FL (HEDGECO.NET) – Parker/Hunter Inc. has announced the launching of its first hedge fund. Efforts for the new fund, called Grant Street Capital Partners LP, began about one year agoaccording to the firm. Mark Luschini, senior vice president and head of Parker/Hunter Asset Management, stated “It’s also a tip of the hat to Parker/Hunter’s history, we have had a presence on GrantStreet for over five decades.�
Chairman and chief executive of Parker/Hunter, Robert Kampmeinert, in his comments said, “We’re excited about introducing this.� Parker/Hunter, founded in 1902, according to published reports, is the �largest independently owned investments and investment banking firm headquartered in Pennsylvania.�
By establishing their own hedge funds, private banks are making efforts towards retaining their private clients who are increasingly attracted to hedge fund investment managers.
Mr. Kampmeinert added, “Hedge funds have been around for many years, but they’ve become more popular as they’ve become better understood and more refined in terms of the different focuses, they are an investment vehicle that makes sense for certain clients.�
No details about fee structure or minimum investment requirements were immediately provided.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
