Preservation Trust Advisors has hired Horizon Asset Management, and alternatives specialist based in New York City, to serve as subadvisor for the PTA Comprehensive Alternatives Fund. Horizon Asset Management is a subsidiary of Horizon Kinetics.

The addition was effective December 7.

Coe Capital Management and SSI Investment Management are also subadvisors on the fund, according to an earlier SEC filing.

According to the SEC filing for the sub-advisor assignment, the PMs for the fund will be Murray Stahl, Steven Bregman and Peter Doyle. The fund holds $10.2 million and has a two-star rating from Morningstar.

According to Morningstar, the fund’s objective is to provide long-term capital appreciation with an emphasis on positive (absolute) returns and low correlation to traditional financial market indices. 

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