Dick Pfister’s AlphaCore Capital has taken over an alternative mutual fund with a three year five-star Morningstar rating.
AlphaCore currently offers its alternative models on the largest independent custodians' separately managed account platforms.
The fund, the AlphaCore Absolute Institutional Fund, is another avenue for investors to access AlphaCore's alternatives expertise.
AlphaCore will serve as the adviser to the fund, which will be distributed by Northern Lights.
Most multi-alternative mutual funds have a fairly high correlation to stocks and exposure to credit, thereby diminishing the potential benefit of diversification. The AlphaCore Absolute Institutional Fund (GDAMX) has the potential to provide diversification from traditional stocks and bonds with the specific blend of alternative strategies employed in the AlphaCore model.
Pfister leads the AlphaCore Capital team, which has already closed in on USD100 million of advisory assets in the past year. By incorporating multi-alternative strategies with traditional beta strategies and sub-advising for other advisers, the AlphaCore team offers a broad variety of solutions that blend alternative strategies with traditional investment portfolios.
Pfister says: "The idea in founding AlphaCore Capital was to combine the independent, boutique model of a family office with the alternative investment resources and expertise often missing from other advisory firms."
