Bringing you live news and features since 2006 

Westrock and Creighton form asset management joint venture

RELATED TOPICS​

Westrock Asset Management and Creighton Capital Management have formed a joint venture to develop quantitative asset management portfolios for institutional and qualified investors.

Westrock Asset Management and Creighton Capital Management have formed a joint venture to develop quantitative asset management portfolios for institutional and qualified investors.

The joint venture will initially offer an investment grade bond fund, a high yield bond fund and a global equity market neutral fund. The initial funds are expected to be available later this autumn and additional products will be released throughout 2010.  

Creighton Capital Management was founded and is managed by Jim Creighton, who has over 30 years of asset management experience and previously served as chief investment officer at Barclays Global Investors, Deutsche Asset Management and Northern Trust.

Donald H. Hunter, Jr., chief executive officer and president of Westrock, says: "The partnership substantially extends our reach to institutions and makes Westrock one of the few minority-owned firms to offer quantitative products. We expect that this best-in-class offering will make a powerful contribution to our firm’s success."  

In separate news, the parent company of Westrock Asset Management, Westrock Group, has been acquired by the Lower Brule Sioux Tribe. With this transaction, Westrock Group becomes the first US full service financial services firm to be wholly-owned by a Native American tribe.  

"We’re excited to be working with Don Hunter and the Westrock Asset Mangement team," says Creighton. "Through our relationship with Westrock, we will be able to deliver cutting edge products to institutional and qualified investors. In addition to producing tangible benefits for our clients, we are excited about the ability to contribute to the economic development of the Lower Brule Sioux Tribe through this venture."

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by