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 |
|
Tuesday, October 15, 2024 Two Longtime Allies Help a 33YO Firm Throw Down Its MF Gauntlet A longtime pair of mutual fund allies are turning to a short-term trading specialist in Chi-Town to help power a new mutual fund.
The new mutual fund's PM team includes three FPI team members: Timothy Hanna, senior portfolio manager; Daniel Poppe, senior research analyst at FPI; and Jerry Wagner, president of FPIA. Watch for the FPI team to allocate the new fund's managed futures strategy assets mostly to commodity pools sponsored by Eckhardt Trading Company (ETC), a Chicago-based firm whose system-testing process is called the Gauntlet. The Quantified Eckhardt Managed Futures Strategy Fund comes in two flavors: advisor shares (QETAX), with an expense ratio of 225 basis points; and investor shares (QETCX), with an expense ratio of 165bps. The fund is the 14th Quantified Fund from Advisors Preferred and FPI. Bill Eckhardt puts the launch in the context of his eponymous trading firm's "focus ... on achieving long-term success through a disciplined approach to managed futures." "We believe this fund is a great opportunity for investors to benefit from our disciplined approach to capturing market trends while managing risks," Bill Eckhardt states. "We look forward to seeing how this Fund will empower investors to navigate today's challenging market environment." Wagner describes the few fund as providing investors "with a powerful tool for navigating volatile markets while striving for consistent returns." The Quantified Eckhardt Managed Futures Strategy Fund is a series of Advisors Preferred Trust. The new fund's other service providers include: Ceros Fibancial Services, Inc. (an Advisors Preferred affiliate) as distributor; Cohen & Company, Ltd. as independent accounting firm; National Financial Services, LLC (NFS) as limited purpose custodian; Thompson Hine LLP as counsel; U.S. Bank N.A. as custodian; and Ultimus Fund Solutions, LLC as administrator, dividend disbursing agent, fund accountant, shareholder servicing agent, and transfer agent. Printed from: MFWire.com/story.asp?s=68039 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
