Balter Liquid Alternatives
expects to launch a Long/Short Equity Fund
in December, according to an SEC filing
The fund will reportedly seek to achieve long-term capital appreciation by purchasing undervalued stocks and short-selling stocks believed to be overvalued.
According to the SEC filing, Balter Liquid Alternatives
is a newly-formed, majority-owned subsidiary of Balter Capital Management, LLC (“BCM”). It is also an SEC-registered investment adviser which has overall responsibility for assets under management, recommends the selection of managers as sub-advisers of the Fund (each, a “manager” or “sub-adviser”) to the Trust’s Board of Trustees (the “Board”), evaluates the performance of the managers, monitors changes at the managers’ organizations that may impact their abilities to deliver future performance, among other things.
The Advisor and its affiliates have not previously managed a registered investment company.
The portfolio managers will be Brad Balter
, Jay Warner
, and Ben Deschaine
from Balter Liquid Alternatives. Daniel Barker
will manage the fund for sub-advisor Apis Capital Advisors
, while David Cohen
and Ross DeMont
will manage the fund for sub-advisor Midwood Capital Management
Brad Balter is the co-founder, managing director and chief executive of BCM and Balter Liquid Alternatives. Before founding BCM, he was a managing director at Citigroup Global Markets.
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