Huntington Asset Services is providing support for Spouting Rock Fund Management’s Spouting Rock/Convex Dynamic Global Macro Fund, which launched 21 November.
Huntington offers administration, accounting, custody, transfer agency services, distribution and tax services for the fund, which pursues positive absolute returns by investing on a global basis across a broad spectrum of asset classes, economic sectors and geographic markets, primarily through the use of ETFs.
“Spouting Rock is an innovative, client-centric firm with a proven track record evaluating alternative strategies,” says Joseph Rezabek, president of Huntington Asset Services. “The firm is a perfect partner for Huntington and demonstrates our commitment to managers entering the liquid alternatives funds arena.”
“We have a long history of helping large families and institutions build alternative portfolios,” says Erich Hickey, president of Spouting Rock Financial. “Two years ago, we began the process of doing the same for advisors using liquid alternative mutual funds. It is our opinion that the team’s fundamental analysis and risk management are on par with the best hedge fund managers we’ve evaluated, with much lower fees and structure.”