Whitebox Set To Launch Second Mutual Fund

Nov 9 2012 | 11:06am ET

Hedge fund Whitebox Advisors is going retail—again.

The Minneapolis-based firm will launch its second mutual fund on Monday, it said in a regulatory filing. The new fund will be a long/short equity vehicle based on its long/short hedge fund, which is up 8.5% over the past 12 months.

Whitebox launched its first mutual fund, Tactical Opportunities, in December. The new Whitebox Long Short Equity Fund will be managed by Jason Cross, Paul Karos and Kurt Winters, and will charge a 1.95% expense ratio and 4.5% sales charges.

Whitebox has $2.3 billion in assets under management.

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