NorthPoint Enters the Alternative Mutual Fund Space

Michael DeJarnette, president, NorthPoint

ConvergEx Group's NorthPoint has launched a new division geared toward the alternative mutual fund space. While the firm has traditionally focused on helping investment managers launch and run hedge funds, it has seen significant demand for products in the mutual fund space, Michael DeJarnette, president of North Point, tells BST.

"One of the things that really drove our entry into the space is demand," DeJarnette says. "At NorthPoint we're trying to couple our services with ConvergEx's technolo