Palm Beach Gardens, Fl.-based Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser has taken a minority stake in 361 Capital, a Denver-based provider of alternative investment mutual funds, separate accounts and limited partnerships to institutions, financial intermediaries and high-net-worth investors.

Both firms will continue to operate independently.

In a statement, Brian Cunningham, 361 Capital's President and CIO, said his firm expects to leverage Lighthouse's expertise in creating alternative investment products to expand the firm's lineup of liquid alternative investment vehicles.

"We're absolutely committed to providing our clients with a full suite of what we believe are well-engineered liquid alternative investment products," said Cunningham.

Lighthouse's portfilio currently include a full range of hedge fund strategies, including equities, credit, managed futures, and Asian region investments. The firm currently manages approximately $6 billion in assets.

361 Capital was founded in 2001 and launched its first mutual fund -- the 361 Absolute Alpha Fund -- in 2010.

Hung Tran writes for Money Management Executive.


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