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

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

Rating:Hedger Whitebox Sees Value in Mutual Funds Expertise Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 4, 2012

Hedger Whitebox Sees Value in Mutual Funds Expertise

News summary by MFWire's editors

Minneapolis-based Whitebox Advisors adding to its staff and is currently in the process of launching another mutual fund sometime this quarter. The launch follows its opening of a quant mutual fund last month.

In December the firm launched the Whitebox Tactical Opportunities Fund. That mutual fund is a go-anywhere credit and equity offering.

The planned mutual fund will be the Whitebox Enhanced Convertible Fund, a convertible securities-focused offering. The plan is to cap the fund at $200 million of AUM, this quarter. An executive at the mutual fund advisor confided they have more alternative credit mutual fund offerings for later in the year or early next year.

Mark Strefling, president of Whitebox Mutual Funds, told the MFWire that "We're responding to a number of things in the marketplace such as liquidity, transparency and mutual fund products versus a traditional hedge fund LP structure."

He added that the firm may hire dedicated personnel for the new mutual funds.

Strefling also said that the firm is looking to distribute its funds on a number of platforms including Charles Schwab, Fidelity and Merrill Lynch.  

Edited by: Hung Tran


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use