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Rating:A Boston Firm's Three-Year-Old Market Neutral Fund Will Shutter Soon Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 5, 2024

A Boston Firm's Three-Year-Old Market Neutral Fund Will Shutter Soon

by: Neil Anderson, Managing Editor

A subadvised fund firm is preparing to shutter a Boston ETF strategist's first ever mutual fund by the end of the month.

Today, the board of the Advisors Preferred Trust revealed in a filing that the Decathlon Market Neutral Fund (fka the BCM Market Neutral Fund, fka the BCM Decathlon Moderate Fund) will liquidate by February 29. The three-year-old, $1.9-million-AUM mutual fund is powered by Rockville, Maryland-based Advisors Preferred, LLC [profile] as investment advisor and Boston-based Beaumont Capital Management, LLC (BCM) as subadvisor.

The liquidating fund's inception date was April 19, 2021. It comes in two flavors: A shares (DECMX) with a maximum upfront load of 475 basis points and with 542bps in operating expenses; and institutional shares (DECIX) with no load and with 502bps in operating expenses.

BCM partners Denis Rezendes and Bryan Ryan have PMed the fund since its 2021 inception. Yet portfolio manager Andrew Rice joined the fund's PM team in October 2023.

The Decathlon Market Neutral Fund's other service providers include: Ceros Financial Services, Inc., an Advisors Preferred affiliate, as distributor; Cohen & Company, Ltd. as independent accounting firm; Thompson Hine LLP as counsel; U.S. Bank N.A. as custodian; and Ultimus Fund Solutions, LLC as administrator, fund accountant, and transfer agent. 

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