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Alternative Market Briefing

Kanaly Trust and Meritage Capital form alternatives partnership

Tuesday, August 26, 2014

Bailey McCann, Opalesque New York:

Kanaly Trust has partnered with Meritage Capital in developing alternatives investment solutions to offer to Kanaly HNW (high net worth) investors as part of their portfolio strategy. This is a joint effort between the two firms with Meritage acting as a sub-advisor. Meritage Capital, is a $1.1 billion investment adviser specializing in hedge fund solutions.

The partnership is designed to offer high net worth individuals access to better managers. The two fund offerings will focus on equity/long short and fixed income.

"Initially we plan to build on these two components with investments from interested Kanaly investors," James Shelton, Chief Investment Officer of Kanaly tells Opalesque.

Kanaly Trust is a wealth management firm managing and advising over $2 billion of assets based in Texas. Shelton has worked with Joe Wade, Chief Investment Officer of Meritage for a number of years.

"The partnership can help high net worth investors replace a portion of fixed income allocations and will include a risk adjusted equity component," Wade explains. Meritage has worked with other high net worth families and funds to provide tailored alternative investment solutions in the past.

The firms started the investment strategy earlier this year with investor interest from Kanaly's existing client base. Wade will be partially responsible for vetting managers in the strategy. Allocations to individual managers will be in the $1......................

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