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 |
|
Tuesday, July 16, 2024 In the Midwest, a Systematic Trend Fund Turns 10 The team at a liquid alts shop in the Midwest is celebrating a tin milestone for one of their mutual funds.
As the LoCorr Market Trend Fund's tenth birthday on June 30, 2024, the fund had about $419 million in AUM. It comes in three flavors: A shares (LOTAX), with an upfront load of up to 575 basis points, up to 100bps in deferred load, and an expense ratio of 200bps; C shares (LOTCX), with up to 100bps in deferred load an expense ratio of 275 bps; and I shares (LOTIX), with an expense ratio of 175bps. LoCorr Fund Management, LLC serves as investment advisor to the LoCorr Market Trend Fund. Graham Capital Management, L.P. (GCM) serves as subadvisor for the fund's market trend strategy, while TIAA's Nuveen Asset Management, LLC [profile] serves as subadvisor for the fund's fixed income strategy. The LoCorr Market Trend Fund's PM team includes: Peter Agrimson, lead manager of Nuveen's short durations multi-sector strategy; Pablo Calderini, president and chief investment officer of GCM; Jon Essen, chief financial officer of LoCorr; Sean Katof, CIO of LoCorr; Tony Rodriguez, co-head of fixed income at Nuveen; and Kennth Tropin, chairman of GCM. Kinzie notes that the LoCorr Market Trend Fund has a 4-star rating from Morningstar and thanks the GCM team for their "continuing commitment to a strategy that provides diversification through its distinct return stream and seeks to help create a smoother ride for clients." "We launched the Market Trend Fund a decade ago based on the belief that low-correlating strategies with daily liquidity belong in every client portfolio," Kinzie states. "That conviction still rings true today." Brian Douglas, CEO of GCM, calls the fund's milestone a testament to GCM and LoCorr's "shared commitment to delivering exceptional value to clients." "Over the past decade, the Fund has provided valuable diversification to investors, particularly in recent years which have been market by significant turbulence for both stocks and bonds," Douglas states. "We look forward to continuing our collaboration and supporting the Fund's success in the years to come." The LoCorr Market Trend Fund's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Quasar Distributors, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, fund accountant, shareholder servicing agent, and transfer agent; and U.S. Bank, N.A. as custodian. Printed from: MFWire.com/story.asp?s=67654 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
