Wilmington Trust launched a new mutual fund with exposure to a diverse set of alternative strategies. The Wilmington Rock Maple Alternatives Fund's portfolio managers selected eight independent sub-advisors, which will oversee separate sub-portfolios of the fund.
The fund also has assets invested in two independently managed mutual funds.
"We are excited to offer clients a new vehicle to diversify their investment exposures and dampen the overall volatility of their portfolios," stated Sam Fraundorf, president of Wilmington Trust Investment Advisors.
Doug Fincher, president and chief executive officer of Rock Maple, added, "We firmly believe investors wanting hedge fund strategies can benefit most from exposure to these strategies through an independent multi manager vehicle. Our partnership with Wilmington Trust allows us to provide this expertise in a mutual fund structure."
