Castlestone Management, a New York-based fund manager specialising in alternative assets, is launching a new fund of in-house funds called Intelligent Portfolio, or ‘IQ Asset Allocation'.
The new, monthly-traded fund will offer exposure to a basket of asset classes, including emerging market and developed market equities, commodities and alternative investments. It will invest in money markets, fixed income investments including corporate and government debt, and commercial and residential real estate. It will also have the flexibility to allocate funds to other assets such as exchange-traded funds and mutual funds, Castlestone said in a statement today. The fund is set to launch on 30 June. Castlestone said the new fund has been designed to work as a “core portfolio alloc...
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