Captrust Seeks Long/Short Equity, MBS Funds

Captrust Financial Advisors, the Raleigh, North Carolina-based advisory firm with $75 billion in assets under advisement, is searching for a variety of hedge fund strategies for potential client allocations, including sector-specific long/short equity and those invested in mortgage-backed securities.

Captrust is searching for long/short equity funds focused on energy, specifically in infrastructure, and health care, Eric Freedman, chief investment officer at Captrust, said in a telephone interview. While funds investing in so-called non-agency mortgages, or those that lack government backing, have already posted strong returns, Captrust still maintains a level of interest in those strategies, Freedman said.

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