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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...