Ascentia Capital Partners has selected Delaware-based DuPont Capital Management to manage an international/emerging markets strategy in the Alternative Strategies Mutual Fund.
Ascentia is an independent, privately-owned, registered investment adviser specialising in asset management of alternative investments
"We are delighted to have DuPont Capital Management as a part of the Alternative Strategies Mutual Fund. They bring an experienced management team and a complementary strategy to the other alternative investment strategies currently employed by the fund. We believe the addition of DCM clearly enhances the institutional quality of the fund, which seeks to provide attractive risk-adjusted returns and low correlation to broad domestic markets," says Stephen D. McCarty, managing partner, Ascentia Capital Partners.
DuPont Capital Management has managed institutional pension assets for over 34 years.
Brendan P. Naughton, principal, marketing & client services, DuPont Capital Management, says: "DuPont Capital Management is pleased with the opportunity to partner with Ascentia Capital Partners. We believe the Alternative Strategies Mutual Fund is well positioned in this market environment and the fund provides both advisers and investors a valuable tool to broaden portfolio diversification."