Rochdale Investment Management LLC has launched its first hedge fund registered with the Securities and Exchange Commission.
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The Rochdale Core Alternative Strategies Fund, which the New York investment manager introduced Monday, is subadvised by American International Group Inc.'s AIG Global Investment Group. The minimum initial investment is $25,000, but eligibility is limited to "qualified investors" with a net worth of at least $1.5 million.
Rochdale, a private investment counseling firm that specializes in personalized portfolio management for wealthy individuals and families, had $2.5 billion of assets under management as of March 31.
