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Alternative Market Briefing

Endurance Series Trust launches first mutual fund, multi-series trust

Thursday, May 23, 2013

Bailey McCann, Opalesque New York:

Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as the fund administrator for mutual funds in the trust.

Endurance Series Trust is the latest multi-series trust to enter the rapidly expanding liquid alternatives arena. Unlike some of their competitors the trust plans to keep the number of funds included below 20. They will also be working with managers who are new to the mutual fund space, to offer what they consider to be a lower-cost, high touch platform.

"Trusts are usually sponsored by financial institutions, or big administrators like a State Street or a Northern Trust, but after examining those models we thought they weren’t as advantageous as they could be for managers new to the space," explains Endurance Series Trust President and CEO, Andres Sandate in an interview with Opalesque.

"Many of these platforms are one-stop-shops so if you are unhappy with any of the services you’re going to be stuck," he says. Using Endurance Series Trust to launch a mutual fund allows investment managers to outsource operational and administrative functions to Endurance Fund Services.

Investment advisers who form and manage their mutual funds via Endurance Series Trust are also provided with compliance professionals and access ......................

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