MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 1, 2011 Schooner Acquires a Mutual Fund 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. [ SEC filing] 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. Printed from: MFWire.com/story.asp?s=37713 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |