M&T maintained the Wilmington Trust name for investment activities and products acquired when the banking and trust company was sold to the Buffalo, N.Y. company.
The fund’s portfolio managers selected eight independent sub-advisors, which will oversee separate
sub-portfolios of the fund in accordance with specific parameters, constraints, and risk-return
objectives. The fund also has assets invested in two independently managed mutual funds. It started investment operations on Jan. 12th of this year.
The mutual fund is managed by Wilmington Funds Management Corporation (WFMC), a Wilmington Trust company, in partnership with Wilmington Trust Investment Advisors, Inc. (WTIA), and Rock Maple Services, LLC , an investment advisor specializing in alternative investments.
“We are excited to offer clients a new vehicle to diversify their investment exposures and dampen the overall volatility of their portfolios,” said Sam Fraundorf, CFA, president of WTIA. “We are pleased to partner with Rock Maple Funds to launch this product and deliver a truly unique fund for our clients.”
Doug Fincher, president and CEO of Rock Maple, said, “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 jstructure.”
According to a recent report by Morningstar®, assets in alternative mutual funds totaled nearly $80 billion as of Dec. 31, 2011. Such funds accounted for less than one percent of all mutual fund assets.
Wilmington Trust provides Wealth Advisory services for high-net-worth clients throughout the United States and Europe, and Corporate Client Services for institutional clients throughout the world.
Wilmington Trust has offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Texas, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam. Wilmington Trust is an M&T Bank affiliate.