All aboard the Alt Manager Express. Next stop: '40 Act Country.
Loeb King Capital Management has joined the hedge fund stampede into mutual fund land with its newly launched
Alternative Strategies Fund.
Loeb King principal and chief investment officer
Gideon King says the firm will utilize its expertise in alternative investing as it moves into the mutual fund space.
MFWire has been following this story since the company
filed to launch the alt fund with the SEC earlier this month.
Here is the press release:
Company Press Release
Loeb King unveils alternative mutual fund
New York-based wealth management company, Loeb King Capital Management, has rolled out its multi-strategy mutual fund that will employ a range of hedge fund and alternative strategies.
Dubbed as the Alternative Strategies Fund, it will seek to produce positive absolute returns and income with lower volatility than the global capital markets and other traditional investment strategies.
The new fund tracks event-driven alternative investment strategies that have historically been connected with hedge funds, according to the investment firm.
Loeb King principal and chief investment officer Gideon King said, "This vehicle allows us to bring our longstanding expertise in alternative investing to the mutual fund space in an authentic and transparent fashion."
Available through direct investment and financial advisors, the fund commenced operations on 27 September 2013.
Founded in 1988, Loeb King Capital Management has grown to include multiple funds and managed accounts, with strategy to earn absolute risk-adjusted returns by investing in event-driven and value opportunities.
 
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