MINNEAPOLIS (HedgeWorld.com)–Labyrinth Group LLC has reached an agreement with SAMCO Capital Markets to provide SAMCO and its clients access to Labyrinth’s fund of funds.
The Labyrinth fund of funds is made up of a diversified group of more than 20 global hedge funds and is designed to deliver uncorrelated returns reflecting those of the aggregated full spectrum of hedge fund strategies. Its strategy is designed to achieve global diversification, low volatility and intensive risk management. Minimum investment is US$500,000.
“It is an excellent fit for Labyrinth to partner with a firm as well established and well respected as SAMCO,” said Kevin S. Underkofler, managing director and chief executive of Labyrinth, in a statement. “We are pleased that many other firms, like those with which we currently partner, are expressing interest in bringing our capabilities to their clients.”
In October, Labyrinth announced a similar agreement with Bank of Oklahoma Securities Corp. (see ).
SAMCO Capital Markets, a division of Penson Financial Services Inc., is headquartered in Dallas. It has banking and trading offices in several American cities, including an institutional sales and trading office in New York.
Labyrinth Group has more than US$30 million in assets under management.
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