Pine River Capital Management Helps Mom and Pop to Invest
After years of courting only the super-wealthy, Pine River Capital Management is among the latest big-name funds to crack its doors to private clients with look-alike products known as liquid alternative funds.
As
a $14.8 billion hedge fund with a reputation for savvy mortgage trades
and a record of double-digit returns, Pine River Capital Management has
long signed up multi-billion-dollar pension and sovereign wealth funds
as investors.
Now
the exclusive hedge fund is making some of its strategies available to
Main Street investors who've been warned that bets on stocks and bonds
may not see them through retirement. For as little as $1,000, they can
include hedge funds in their nest eggs.
As
one of seven firms managing money in Wells Fargo's new Alternative
Strategies fund, Pine River is among the latest big-name funds to crack
its doors to private clients with look-alike products known as liquid
alternative funds after years of courting only the super-wealthy.
"Sub-advising
portfolios in the (mutual fund) space is a new and diversified source
of capital for a firm like ours," said Brian Taylor, who founded Pine
River with $350,000 of his retirement money in 2002. "Like anything new,
we are taking a measured approach, but we believe it could be a growing
part of our business over time."
Source: Business Insider
