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Thursday, July 11, 2013|
Park Avenue Firm Surfs Mutual Fund Wave
Another asset manager has caught the mutual fund wave, or perhaps it's a tsunami.
The New York-based (as in Park Avenue South, that is) Wavelength Capital Management has registered the Wavelength Interest Rate Neutral Fund, a global fixed income fund.
The fund is a series of the Ultimus Managers Trust, administered and distributed by Ultimus Fund Solutions.
According to the filing, the fund will invest in a variety of global fixed income securities, including cash bonds, exchange-traded funds and derivatives, as will also likely invest in developed-market nominal government bonds, developed-market inflation-linked government bonds, emerging market local-currency fixed-income securities, emerging market USD-denominated fixed-income securities, sovereign debt, corporate debt, and convertible bonds.
The derivatives instruments in which the fund will likely invest include derivative instruments (including futures contracts and exchange-traded notes).†††
The PM of the fund is Andrew Dassori, who is also a founding partner of Wavelength and serves as the firmís chief investment officer and managing director.
Before founding Wavelength, Dassori was a PM at Credit Suisse Asset Management.
Printed from: MFWire.com/story.asp?s=44851
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