Strive Asset Management
Strive Asset Management is a company that uses index-tracking funds to track stock prices. Its goal is to amass enough assets to make an impact in corporate boardrooms. The fund aims to vote against the candidates of board members and oppose corporate proposals that promote social and political agendas. The issuer has also positioned itself in a war of attrition with BlackRock Inc., which has launched a number of environmentally-focused funds in recent years.
The executive chairman of Strive Asset Management, Vivek Ramaswamy has an interesting point to make. In a recent interview with Larry Kudlow, he talked about the importance of depoliticizing corporate America and being a different voice in boardrooms.
Having recently raised $20 million in seed funding, Strive plans to take on the “Big 3” asset management firms. Together, they control $20 trillion in assets. Their aim is to create a sustainable alternative. They’ve adopted language and targets that support wider agendas, such as the environment. They’ve also introduced products that reflect that philosophy.
Anson Frericks, the CEO of Strive Asset Management, has 15 years of experience building winning cultures and developing innovative business strategies. His experience includes working for Anheuser-Busch InBev, a public company, and at private equity firms. His educational background includes a BA from Yale and an MBA from Harvard Business School.
In the early stages, Strive received funding from Peter Thiel and Bill Ackman, as well as PayPal co-founder Anson Frericks. The company has since raised $20 million in funding and has been backed by a number of major investors. However, the startup has not yet revealed its investment strategies or products. It hopes to launch these in the third quarter of 2022.
Strive Asset Management is positioned to challenge the “big three” asset management firms. The company’s investment philosophy is rooted in the belief that U.S. energy companies should fulfill the demands of the global market, and abandon ESG-imposed constraints. Strive will leverage proxy voting power and shareholder engagement to achieve this goal. It is also opposed to political agendas that limit the growth potential of the industry.
The founders of Strive Asset Management have made the business look very appealing. Their team includes Vivek Ramaswamy, Anson Frericks, and Bill Ackman. The firm was launched in the third quarter of 2022. The company claims to challenge stakeholder capitalism.
However, their strategy has created controversy. While claiming that fossil firms may become obsolete in the near future, they have also launched an oil-friendly ETF. This fund invests in a broad energy index, known as the Solactive United States Energy Regulated Capped Index. This ETF has generated significant discussion among investors.
Joyce Rosely, Strive’s founder and chief executive, is well-versed in asset management, and has a wealth of experience in the field. She has been in the industry for over 25 years and has worked in both sales and marketing roles. Prior to Strive, she was vice president of State Street Global Advisors and head of the US SPDR asset manager/hedge fund sales. She is also an active global board member of Women in ETFs.
Strive Asset Management has announced the hiring of two senior sales executives from State Street Global Advisors. Joyce Rosely served as the vice president of US SPDR asset manager sales at State Street and Robert Melton was vice president of institutional asset owner ETF sales at State Street. Together, their diverse backgrounds bring a fresh approach to asset management and high-potential investments.
Strive Asset Management has made two new hires to its executive team. Both are former State Street Global Advisors senior sales executives. Robert Melton and Joyce Rosely bring a fresh approach to asset management and high-potential investments. Both are now senior vice presidents at Strive. They have a wealth of experience in the asset management industry and are expected to help the company’s clients achieve their financial goals.
Robert Melton, a Vice President at State Street, has over fifteen years of experience creating winning business strategies. He has held positions at private equity and hedge funds. He earned his MBA at Harvard and has also received his BA from Yale.