Saturday, 4 July 2015
Last updated 1 day ago
Jan 4 2012 | 11:11am ET
Whitebox Advisors is set to become the latest hedge fund to jump into the mutual fund business with the launch of two products.
The Minneapolis-based firm will roll out the two funds to the public this quarter, HFMWeek reports. "There is a market demand for registered mutual fund products," Whitebox Mutual Funds President Mark Strefling said. "But, in addition, more fundamentally, the mutual funds provide access to alternative investment talent to high-net worth investors who would not be suitable for traditional hedge fund structures."
The two mutual funds will focus on tactical opportunities and the convertibles market. The $2 billion firm hopes to raise several hundred million for the former, while the Enhanced Convertible Fund is capped at $200 million.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…