SAN FRANCISCO--(BUSINESS WIRE)--
JMP Group LLC (NYSE: JMP),
an investment banking and alternative asset management firm, announced
today that its asset management subsidiary, Harvest Capital Strategies
LLC, has made a minority investment in Astor Investment Management LLC,
a Chicago-based registered investment advisor with $1.9 billion of
assets under management.
Astor's approach to asset allocation is driven by macroeconomic theory,
utilizing a broad range of asset classes with low correlation to the
broader market. The firm offers its products through a variety of
channels, including mutual funds, separately managed accounts and
universal managed accounts.
"We are very optimistic about our long-term partnership with the team at
Astor," said KC Lynch, president of Harvest Capital Strategies. "By
combining economic analysis and dynamic ETF portfolio construction,
Astor has helped its clients manage risk in various market environments
for over a decade. This investment broadens our asset management
platform and extends both firms' product offerings and distribution
"We are proud to be partnering with Harvest Capital Strategies and JMP
Group," said Robert Stein, chief executive officer of Astor. "Our
agreement gives Astor the latitude to develop new investment strategies
and applications while also introducing our existing investment
solutions to a much wider client base."
About JMP Group
JMP Group LLC is a diversified capital markets firm that provides
investment banking, equity research, and sales and trading services to
corporate and institutional clients as well as alternative asset
management products and services to institutional and high-net-worth
investors. JMP Group conducts its investment banking and research, sales
and trading activities through JMP Securities; its hedge fund, venture
and private capital, and credit management activities though Harvest
Capital Strategies, JMP Asset Management and JMP Credit Advisors; and
the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a
business development company, through HCAP Advisors. For more
information, visit www.jmpg.com.
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Investor Relations Contact
JMP Group LLC
Dukas Linden Public Relations, Inc.
Source: JMP Group LLC
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