Alpine said that its newest Fund will concentrate investments on opportunities in consumer products and services throughout the world.
It is led by co-portfolio managers Bryan Keane and Samuel Lieber. Keane has led the consumer products research team at Alpine since 2007. He also serves as co-portfolio manager of the Alpine Accelerating Dividend Fund.
Keane said it will seek to capitalize on the opportunities of growing consumer markets and broadening demand for a wide range of consumer products throughout the world.
"We are particularly mindful of the fast developing middle class and its evolving consumer orientation in the emerging market countries, ranging from Brazil to China and India to Indonesia. We will particularly look for opportunities in innovative products and services creating new and better lifestyles for consumers everywhere," Keane said.
According to the company, the funding of this new Fund at its inception follows an established pattern at Alpine, where the management provides the initial investment in order to establish the portfolio concept and strategy.
The Alpine Family of Funds encompasses $6bn of investments, with three main groups: dividend strategies, real estate investments and short term tax exempt income funds, together with the specialized equity funds.
