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tru Independence welcomes first fund of hedge funds to platform

Reported by Hedgeweek
Aug 25, 2015· 2 min read
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Key Takeaways
  • • Fort Rock Asset Management, LLC has become the first fund of hedge funds to join the tru Independence community, according to Hedgeweek.
  • • The Portland-based, SEC-registered investment adviser, established in 1991, will use tru Independence's cloud-based technology platform to gain service and operational efficiencies.
  • • Fort Rock offers hedge fund strategies focused on equity long/short managers and liquid strategies tracking managed futures and currency managers.
  • • tru Independence CEO Craig Stuvland says the platform's expertise, scale and relationships support the growth of wealth management and investment advisory businesses at all stages of development.
Summary
Fort Rock Asset Management, LLC has joined the tru Independence community as the first fund of hedge funds on the platform, according to Hedgeweek. The SEC-registered investment adviser plans to use tru Independence's cloud-based technology platform to create service and operational efficiencies that it expects will accelerate its growth.

Portland-based Fort Rock was established in 1991 and provides alternative investment solutions that seek to preserve capital and manage risk over full market cycles. The firm offers access to hedge fund strategies that focus on equity long/short managers, as well as liquid strategies tracking managed futures and currency managers.

Craig Stuvland, president and chief executive officer of tru Independence, said the firm's expertise, scale and relationships enable it to support the long-term maturity and expansion of wealth management and investment advisory businesses at all stages of development. He said the company looks forward to helping Fort Rock accelerate its growth and meet its business objectives.

Jonathan Gane, CEO of Fort Rock Asset Management, said the platform allows the firm to access data from any location through an efficient process, which he described as important for mobility in a fast-paced, global marketplace. Gane said Fort Rock is entering an exciting period of growth and that partnering with tru Independence will help streamline its operations.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Hedgeweek tru Independence welcomes first fund of hedge funds to platform