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New Firm Gains RIA Status

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BOSTON (–Tuckerbrook Alternative Investments LP has been granted approval to become a registered investment adviser by the Securities and Exchange Commission.

The firm, founded by Jay Yoder, a former endowment manager, officially opened its doors earlier this month (see ). The company will offer three alternative investment funds: a long/short value equity hedge fund, a private real estate fund and a real asset fund.

All three funds are expected to launch by early 2005 and will cater to the needs of institutional clients.

Chief Risk Officer Carter Gould in a statement said, “Although Tuckerbrook is not required to register with the SEC, we feel that this proactive step conforms with our goal of bringing institutional standards and discipline to alternative investing.”

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