WEST PALM BEACH, FL (HEDGECO.NET) – Declaration Management, a unit of John Hancock Financial Services and One Capital Management Partners, is planning to offer hedge funds through a joint partnershipagreement. Declaration Management & Research LLC was founded in 1989 as a specialist money manager under the name JHM Capital Management.
Declaration was formally known as Independence Fixed Income LLC, but changed its name to Declaration Management & Research LLC. The change was made to acknowledge the separate identities of Independence Investment LLC, an equity firm, and Independence Fixed Income LLC, a bond and structured finance shop.
Since receiving its first mandate, Declaration has gone on to diversify its client base, adding corporate, public and financial institutional clients. Declaration manages about US$ 9 billion in fixed-income asset. Commenting on the proposed joint alliance with One Capital, the president for Declaration Management, Bill Callan said, �Alternative investments are a significant initiative for our company and are a direct outgrowth of what we have achieved for our clients in our traditional businesses.�
Callahan added, �Declaration is looking forward to working with One Capital on creating hedge funds. One Capital understands our firm, the strategies we manage, and the unique skills necessary to develop an alternative investment business within a larger institutional asset management company,� he said.
Declaration Management & Research LLC is based in McLean, VA, One Capital Management is a hedge fund manager specializing in single-strategy hedge funds, as well as fund of hedge funds, and the firm is a subsidiary of XL CAPITAL LTD. No further details about the joint hedge fund partnership were immediately provided.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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