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Article: Fund Invests in Private-Equity Firms.(Alps Fund Services and Red Rocks Capital create Listed Private Equity Fund)(Brief article)
- Article from:
- American Banker
- Article date:
- December 12, 2007
- Author:
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Alps Fund Services Inc., a Denver provider of outsourced and advisory solutions to investment management firms, and Red Rocks Capital, a Denver investment adviser, have started a mutual fund that invests in the common stock of publicly traded private-equity companies.
The portfolio, Listed Private Equity Fund, is advised by Alps Advisers and subadvised by Red Rocks Capital, the companies said on Monday.
It has three share classes covering institutional and retail audiences and will be sold through financial intermediaries and on most mutual fund platforms.
The fund was developed specifically for institutions, advisers, family offices, and ...