Illinois-based investment firm Elkhorn Capital Group has added Tom Dorsey, founder and chief executive of registered investment advisory (RIA) firm Dorsey, Wright & Associates, as a strategic stakeholder of Elkhorn to continue to grow the relationship between the two firms.
Dorsey, Wright & Associates has partnered with Elkhorn already on numerous products and both firms are looking to further expansion in the near future, according to Dorsey.
“Elkhorn’s vision of implementing research across structures offers end users a more holistic approach to investing and fits perfectly with Dorsey, Wright & Associates,” said Dorsey in a statement. “At the end of the day, we believe advisers should be able to dictate the structure of the investment, not the structuring firm.”
The announcement follows last week’s agreement between Elkhorn and Barclays to set up a strategic partnership aimed at expanding the UK bank’s product availability in the US and Elkhorn’s offering which includes a wide array of investment structures-including exchange-traded funds (ETFs), unit investment trusts (UITs), ETF-linked and market-linked solutions.
“Barclays and a visionary like Tom Dorsey. Both have demonstrated the ability to grow innovative firms like Elkhorn and our entrepreneurial histories are a natural fit,” said Ben Fulton (pictured), founder and chief executive of Elkhorn, in a statement. “These collaborative partnerships will help expand our product development and distribution capabilities to better meet clients’ needs.”
Going forward, Elkhorn will be partnering with both firms in the creation and distribution of research-based products. Elkhorn which has a suite of structured notes launched under BNP Paribas’s structured note programme in the US and a range of market-linked certificates of deposit (MLCDs), said when it went live in October 2014 that it would look to partner with other issuers with a US registered shelf to address its products needs.
Elkhorn’s first ETF, the Elkhorn S&P 500 Capital Expenditures Portfolio launched in May, tracks the performance of the S&P 500 Capex Efficiency Index which is designed to provide exposure to the 100 constituents of the S&P 500 which have exhibited the strongest capital discipline in the form of capital-efficient expenditures over the recent period.
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