Gary D Halbert has acquired certain assets of active money manager database Theta Investment Research of Phoenixville, Pennsylvania.
The new firm, Theta Research, will be based in Austin, Texas as are Halbert’s other interests, namely Halbert Wealth Management, ProFutures, and Forecasts & Trends E-Letter.
Since 2000, Theta has been a source of performance information for active money managers. Offering subscriptions via the Internet, Theta publishes information on managers and their models on both a daily and monthly basis, allowing for the analysis of style, risk and performance.
For investment managers, Theta’s database will provide third-party verification of the manager’s actual performance as well as a way to showcase this performance via the Theta website. For subscribers, Theta will offer objective, third-party performance information for a wide variety of active money managers based on the actual returns in a traded account.
Halbert says: “Theta has been an important source of actual performance information for us since its inception and we are pleased to be able to continue offering this valuable resource to investors and active money managers.”
Theta’s previous owner, Paul Montgomery, decided to sell his tracking service in order to focus on other business activities.