Sometimes you have to make it simple for some folk.
Alts shop Whitebox
is renaming one of its alts funds because people couldn't quite figure out whether it was an alt or not.
As a result, the Whitebox Long Short Equity Fund
is now known as the Whitebox Market Neutral Equity Fund
Whitebox's head of distribution, Mike Coffey
, who is working to build up
the firm's distribution team said that "the new name more clearly defines how the fund is managed, a market neutral equity fund. Also, helps eliminate any confusion with the Tactical Opportunities Fund
which is categorized by Morningstar as a Long/Short Equity Fund."
Currently, the Tactical Opportunities
fund has assets of $528 million, while the Market Neutral
product has an AUM of $71 million.
And yes, Coffey said "education around alternatives and the role they play in a portfolio will be an ongoing need of investors and advisors."
Stay ahead of the news ... Sign up for our email alerts now