Clear Asset Management LLC, a Web-enabled asset management and strategic investment newsletter firm, said on Tuesday that it has closed its Series B financing round. The company also announced the appointments of Dan Nathanson as president and chief investment officer, and Raymond Lang as chief operating and chief compliance officer.
Clear Asset's Series B round was financed by select angel investors and RPM Asset Management, with whom Clear Asset stands to benefit from shared infrastructure, institutional marketing and intellectual capital.
Money raised from the Series B round will be used to fund marketing and operating expenses.
The round follows seed capital investment from the company's founder, Andrew Corn, and from Series A investor and board member, Roger Ehrenberg.
Clear Asset'six stock portfolios (Large, Mid and Small-cap Growth and Value) have together beaten the S&P 500 by over 290% from September's live money inception through March 31, 2005.