MutualFundWire.com: A Beantown Shop Shutters a Bond Fund

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, October 30, 2015

A Beantown Shop Shutters a Bond Fund

A boutique outside Boston just shut down an intermediate-term bond fund.

Scott Chaisson
Compass Holdings Group, Inc.
Chief Executive Officer

Per a filing last month, on October 5 Braintree, Massachusetts-based Canter Compass Investments (DBA Cavalier Investments) liquidated its Cavalier Traditional Fixed Income Fund, after closing it to new investment a month earlier. Per Morningstar data, the fund had $4.1 million in AUM as of September 29.

MFWire could not reach Scott Chaisson, one of two PMs on the fund, for comment on the liquidation. Chaisson is chairman and CEO of Compass Holdings Group, Cavalier's parent. The other PM is Tim Shanahan, chief investment officer of Compass Holdings subsidiary Compass Capital.

Per Cavalier's most recent form ADV filed on October 8, the fund firm has two non-clerical workers. The sole listed source of its $325 million in AUM is "investment companies" (i.e. mutual funds). Other Cavalier funds include the one-star, $45.8-million Cavalier Global Opportunities Fund and the five-star, $15.6-million Cavalier Dynamic Growth Fund.

Printed from: MFWire.com/story.asp?s=52855

Copyright 2015, InvestmentWires, Inc.
All Rights Reserved