MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 12, 2023 A $5.6B-AUMA Group Completes a 5-Fund Suite The team at a $5.6-billion-AUM group of companies is launching an equity fund, completing a suite.
The new fund is a series of Northern Lights Fund Trust. It comes in two flavors: investor shares (STENX), with an expense ratio of 175 basis points; and institutional shares (STEJX), with an expense ratio of 135bps. The Sierra group's Wright Fund Management, LLC [profile] serves as investment advisor to the new fund, which is designed to mostly invest in equity mutual funds and ETFs. The new fund's PM team includes: Ryan Harder, chief investment strategist; Douglas Loeffler, executive vice president of investment management; Marshall Quan, senior research analyst; and Kenneth Sleeper, managing director and co-founder. St. Aubin notes that the new fund is Sierra's first that "fully targets global equity exposure." "We now offer solutions to address the full range of investor risk profiles, yet one thing remains consistent throughout all of them," Schweiss states. "The outcomes you'll achieve with us are based on rigorous research and a truly tactical, rules-based process developed by our founders more than 35 years ago." "We are delighted to to offer [the Sierra Tactical Core Growth Fund to clients and advisors who know and trust our tactical, rules-based investment approach," St. Aubin states. "The Fund may invest in U.S. treasuries or cash for safe harbor when equities prices are falling. The results is a uniquely flexible fund that thus provides downside protection to global equity exposure by adhereing to Sierra's time-tested risk management approach." The new fund's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Northern Lights Distributors, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bank, N.A. as custodian; and Ultimus Fund Solutions, LLC as transfer agent. Printed from: MFWire.com/story.asp?s=66555 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
