] is preparing to expand its no-load mutual fund offerings with an alternative product called
TFS Hedged Futures Fund
. [SEC filing
Richmond, Virginia-based TFS plans to establish an NAV before the year is over and seed the fund with $3 million to $4 million during the first week of January, said Sam Harris
, director of client relations.
TFS currently offers two mutual funds: a small-cap fund and an alternative fund, TFS Market Neutral Fund
Meanwhile, TFS is planning to move to a larger office early summer next year.
"The much bigger space will allow us to to continue to grow the team," Harris said.
TFS employs 19 people, 15 of whom are on the investment side.
Correction: An earlier version of this story incorrectly stated that TFS Capital is affiliated with Neuberger Berman. TFS Capital is 100 percent employee-owned.
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