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.
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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