Schooner Investment Group [see profile]
has inked a deal with Madison, Wisconsin-based
Nakoma Capital Management [see profile]
under which the Nakoma Absolute Return Fund
will be reorganized into a a soon-to-be-launched Schooner fund.
The reorganization of the Nakoma fund into the Schooner Global Absolute Return Fund
will take place
on or about November 4. [
The Nakoma fund has $22.4 million of assets, according to Morningstar.
A representative for Nakoma Capital was not immediately
available to provide comment on the transaction. A representative for Radnor, Pennsylvania-headquartered
Schooner declined to provide comment beyond the contents of the SEC filing.
Schooner currently operates one fund, the $49.6 million Schooner Fund, which launched in 2008.
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