RALEIGH, NC -- BB&T Asset Management today said it is now offering a broader range of alternative investment strategies to the bank's Wealth Management and Institutional Services clients.
These strategies include hedge funds, private equity funds, private real estate funds, structured notes, commodity funds, covered call writing strategies, and multiple tax-efficient single-stock risk management strategies.
"We continue to develop our alternative investment services in order to meet the needs of our clients," said Shawn Gibson, director of Alternative Investments. "Research has shown that these asset classes can add significant diversification and performance benefits to investors, especially if they are invested with the top managers. And our platform includes some of the top alternative investment managers in the world, according to several industry experts."
BB&T Asset Management's Alternative Investment Group has developed its platform to address the inherent challenges involved with investing in these types of strategies such as; high investment minimums ranging from $1 million to $10 million, access to the top performing managers, and diversification among managers and strategies.
The new lineup of products and services appeals to both conservative and aggressive investors," said BB&T Asset Management President Keith Karlawish.
"We are committed to building out our alternative investment capabilities and will continue to explore the various strategies that are available in the market," Karlawish said. "Our ability to offer these strategies allows us to deliver a complete menu of services and products to our clients."
Raleigh, N.C.-based BB&T Asset Management is a registered investment adviser and subsidiary of BB&T Corporation with more than $15 billion in discretionary assets under management.
Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT) and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, consumer finance, payment services, international banking, leasing and trust.
Founded in 1872, BB&T operates more than 1,450 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.
With $118.5 billion in assets, BB&T Corporation is the nation's 11th largest financial holding company. More information about the company is available at http://www.bbt.com/.
For more information on BB&T Asset Management's Alternative Investments platform, please contact Shawn Gibson at (804) 787-1014.
Not a deposit -- Not FDIC insured -- May lose value -- Not guaranteed by the
bank -- Not insured by any government agency
You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest or send money. This and other important information is contained in the prospectus, which should be read carefully before investing.
First Call Analyst:
Source: BB&T Corporation
CONTACT: Shawn Gibson, SVP, Director of Alternative Investments of BB&T
Asset Management, +1-804-787-1014, or David Arthur, SVP, Director of Regional
Portfolio Management of BB&T Asset Management, +1-919-716-6198, or Jeff
Nichols, Vice President of BB&T Public Relations, +1-336-733-1472, all of BB&T
Corporation
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| Notes:
Web site: http://www.bbt.com/
Company News On-Call: http://www.prnewswire.com/comp/809325.html
About This Release
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