FISCO Funds Management, a U.S.-based family of alternative investment managers, andOP 8 Analyticsis teaming up to launch a new alternative investment management shop,CARF Management.

The new firm will serve as investment advisor to theRiver Rock IV Fund, an alternative offering that is expected to launch in the fourth quarter.

"Static allocations to portfolio classes and simple buy-and-hold strategies are no longer viable in today's volatile environments," statedKevin Ellis, a principal at FISCO Funds Management and CARF's Chief Operating Officer. "Our mission is to actively manage the River Rock IV portfolio in an attempt to enhance returns while seeking to maintain a core of safety and stability that may protect and grow wealth."