Portfolio

Gotham Asset Management, a newly formed firm that will focus specifically “on the institutional segment of the market,” has officially opened for business, Joel Greenblatt, its managing principal and co-CIO, said.

In a move that “further enhances the fixed-income capabilities of the firm,” Highmark Capital Management has hired Jeffrey Klein as VP and portfolio manager for its Fixed Income Group, the Union Bank subsidiary said Tuesday.

An increasing number of financial advisors advocate using alternative investments in client portfolios as a way to increase diversification, according to the 2010 Rydex|SGI Annual AdvisorBenchmarking Study.

AQR Capital Management has launched the AQR Risk Parity Fund, whose main aim is to seek consistent returns with reduced equity market exposure.

Eaton Vance Tuesday announced the launch of the Eaton Vance Option Absolute Return Strategy Fund, a fund that aims to deliver returns independent of the stock and bond markets and that is benchmarked against short-term cash instruments.

Rydex/SGI annual benchmarking study finds majority of those surveyed are using alternatives in client portfolios.

Basic business practices such as client segmentation separate the winners from the losers among registered investment advisors.

John Hancock Funds on Monday announced the launch of the John Hancock Currency Strategies Fund, a fund that will make diversified investments in global currencies and that is managed by First Quadrant.

Great-West Retirement Services has appointed Tom Masteller regional sales director for the Pittsburgh marketplace, responsible for selling 401(k) plan administration services through brokers, financial advisers, consultants, wirehouses and third-party administrators (TPAs). Great-West is the fourth-largest retirement plan recordkeeper in the U.S.