Astor Investment Management forms long-term partnership with JMP Group.
BANKING AND CREDIT NEWS-December 4, 2017-Astor Investment Management forms long-term partnership with JMP Group
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Astor Investment Management LLC has formed a long-term partnership with JMP Group, an investment banking and alternative asset management firm, to develop new investment strategies for individual and institutional investors, the company said.
Also under the partnership, JMP's asset management subsidiary, Harvest Capital Strategies LLC, has made a minority investment in Astor Investment Management, which currently has over USD 2 billion of assets under management (as of 11/30/17).
The partnership will leverage Astor's macroeconomics expertise and its proprietary Astor Economic Index[R] (AEI). The AEI provides a real-time "now-cast" of the economy and can be used as a risk management and asset allocation tool by "robo-advisors."
Astor Investment Management LLC ("Astor") is a registered investment adviser based in Chicago, IL. Astor provides advisory services to approximately USD 1.9B (as of March 2016) in client assets across various product channels including Separately Managed Accounts, Mutual Funds, and Model Delivery Arrangements. Astor's Investment Philosophy is based on the belief that diligent analysis of economic data can provide valuable signals for long-term financial market allocations. Visit www.astorim.com
JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities; its hedge fund, venture and private capital, and credit management activities though Harvest Capital Strategies, JMP Asset Management and JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company, through HCAP Advisors. For more information, visit www.jmpg.com.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Dec 4, 2017|
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