MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 20, 2012 An Alts Shop Longs For Mutual Fund Biz A new shop, Longboard Asset Management, is preparing to debut its first mutual fund, a managed-futures fund. The Scottsdale, Arizona-based alternatives shop is advising the forthcoming Longboard Managed Futures Strategy Fund, part of the Northern Lights Fund Trust II. Gemini Fund Services will be the fund's transfer agent and Union Bank the custodian. This new fund was disclosed in documents filed with the SEC. The Longboard fund's PM and CEO is Cole Wilcox, formerly a PM at Blackstar Funds, a small shop that allocated on behalf of currency trader Tom Basso. Sub-advisor Horizon Cash Management will handle the new fund's excess cash reserves from its futures trades. In an interview with MFWire, Wilcox said that the firm is now talking to RIAs and expects to roll out the fund in August. "We're seeing a great opportunity in the space, to take our pedigree in managed futures and bring that to a '40 Act structure," said Wilcox. He explained further that the fund's name reflects their investment strategy. "Our goal is to capture big waves. We want to capture the big trends." Printed from: MFWire.com/story.asp?s=40382 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |