The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Alternative Appel of Value Line's Eye Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 12, 2016

The Alternative Appel of Value Line's Eye

by: Neil Anderson, Managing Editor

Mitchell Appel and his team are about to snap up an alternative mutual fund.

Mitchell Appel
Value Line Funds
New York-based Value Line Funds [profile] is about take over Atlanta-based Alpha Capital Management's [profile] three-star, $19-million Alpha Defensive Alternatives Fund. A filing last with the SEC confirms that the board of Advisor Series Trust (the Alpha Defensive Alternatives Fund's home) has approved moving the fund into the new Value Line Defensive Strategies Trust within Value Line Investment Trust. If all is approved, the move will happen on June 10 or thereabouts.

MFWire could not immediately reach Alpha Capital founder and chief investment officer Brad Alford for comment on the deal. And Appel, CEO of Value Funds, declined to comment for this story.

InvestmentNews and Reuters both covered the news.

Alford has PMed the fund since inception five years ago. Though the filing last week does not mention Alford by name, it does confirm that, if the deal goes through, the Alpha Defensive Alternatives Fund's "investment adviser and portfolio manager will also remain the same," as will the fund's expense ratio. Yet the fund would switch its accounting firm, administrator, custodian, distributor, legal counsel, and transfer agent.

Currently, Tait, Weller & Baker is the Alpha Defensive Alternatives Fund's accounting firm. U.S. Bank is the custodian and transfer agent, and U.S. Bank's Quasar is the distributor. And Schiff Hardin provides legal counsel.

As for Value Line, its own EULAV Securities handles distribution. State Street is the administrator, custodian, and transfer agent. Pricewaterhouse Coopers is the accounting firm.

Alpha Capital also offers another mutual fund: the three-star, $20.8-million Alpha Opportunistic Alternatives Fund. That fund also launched in early 2011. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. WE Pacific NW and CFA Society Seattle Welcome Mixer, September 22
  2. Havener Capital's Boutique Week 2023, Sep 26-29
  3. FT's Future of Asset Management North America, Sep 27-28
  4. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  5. Women In Finance Fall Mix n' Mingle Happy Hour, September 28
  6. Expect Miracles Atlanta Coast Classic, October 2
  7. MFDF webinar - Exchange Traded Funds: A Market Update for Fund Directors, October 4
  8. 4th Annual ETFGI Global ETFs Insights Summit - United States, Oct 4-5
  9. 8th Annual FUSE Forum, October 5
  10. ICI & GCMFA Networking Reception, October 10
  11. 2023 MMI Annual Conference, Oct 11-13
  12. 2023 IDC Fund Directors Conference, Oct 11-13
  13. WE South - ETF Conversations, October 17
  14. IMEA Star Awards Celebration, October 17
  15. IMEA Marketing Summit, Oct 17-18
  16. MFDF Director Discussion Series - Open Forum via Zoom, October 23
  17. ICI 2023 Securities Law Developments Conference - Day 1, October 24
  18. Schwab Impact 2023, Oct 24-26
  19. 2023 MMI Legal & Compliance Seminar, October 26
  20. ICI 2023 Securities Law Developments Conference - Day 2, October 26
  21. IMEA DE&I Roundtable, November 1
  22. IMEA Leadership Summit, Nov 1-2
  23. MFDF Director Discussion Series - Open Forum (Los Angeles), November 1
  24. MFDF Director Discussion Series - Open Forum (San Francisco), November 2
  25. Expect Miracles In Boston, November 2
  26. WIPN Nebraska - 3rd Annual Collegiate Career Exploration Event, November 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use