Cook and Bynum Capital Management
is putting the finishing touches on its new web site, which is slated to go live in the middle of this week. The website will complement the firm's debut fund that hit the market on July 1.
The Cook and Bynum Fund
, which is on the Schwab
platform, comes with an expense ratio of 188 basis points. ALPS
serves as distributor while Fifth Third Bank
is the custodian.
"A number of our clients who were non-accredited wanted something with
daily equity, a smaller minimum and they demanded to have a 40 Act
vehicle," Richard Cook
, the firm's principal and co-founder, told The
Based in Birmingham, Alabama, the company has been around since 2006. The investment partnership was founded by Cook and his partner, J.
, who holds the same title. The pair had worked at BDR Jennings, LLC managing individual accounts since August 2001.
Last December, the firm hired Ashley Buha
to help coordinate their mutual fund operations including compliance and legal issues. Buha had come from golf conglomerate Jason Buha, LLC
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