A boutique outside Boston just shut down an intermediate-term bond fund.
| Scott Chaisson|
Compass Holdings Group, Inc.
Chief Executive Officer
Per a filing
last month, on October 5 Braintree, Massachusetts-based Canter Compass Investments
(DBA Cavalier Investments
) liquidated its Cavalier Traditional Fixed Income Fund
, after closing it to new investment a month earlier. Per Morningstar
data, the fund had $4.1 million in AUM as of September 29.
could not reach Scott Chaisson
, one of two PMs on the fund, for comment on the liquidation. Chaisson is chairman and CEO of Compass Holdings Group
, Cavalier's parent. The other PM is Tim Shanahan
, chief investment officer of Compass Holdings subsidiary Compass Capital
Per Cavalier's most recent form ADV
filed on October 8, the fund firm has two non-clerical workers. The sole listed source of its $325 million in AUM is "investment companies" (i.e. mutual funds). Other Cavalier funds include the one-star, $45.8-million Cavalier Global Opportunities Fund
and the five-star, $15.6-million Cavalier Dynamic Growth Fund
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