Newsletter writer Jamie Dlugosch of The Rational Investor has launched a mutual fund that will use the same strategies as outlined in his subscription newsletter. The new fund, called the The Rational Investor Fund, has a minimum investment of $2,500.

The fund is registered under the Northern Lights Fund Trust. A news release for the fund said that Dlugosch's model portfolio has returned 28.43 percent since he started the newsletter in 2000.

The high-flying results come at a price -- according to the fund's prospectus, the fund's net operating expenses are 248 basis points.

The fund's advisor is Rational Investor Advisors, LLC, based out of Minneapolis, Minnesota. John Imerman, formerly of Al Frank Asset Management, will co-manage the fund with Dlugosch.

Gemini Fund Services is the fund's transfer agent.

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AIG SunAmerica has tapped a duo of subadvisers for its new closed-end SunAmerica Focused Alpha Growth Fund. Marsico Capital Management will handle the 65 percent of the fund's assets, or the large-cap portion of the portfolio, while Baron will manage the remainder in small- and mid-cap assets.

The fund raised $425.5 million during its initial public offering on the NYSE.

Marsico and Baron are no strangers to AIG SunAmerica. Marsico subadvises the company's Focused Large-Cap Growth Portfolio and Baron subadvises the Focused 2000 Growth Portfolio.  

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