Opalesque Industry Update - ABS Investment Management LLC, an alternative investment management firm specializing in global equity long/short solutions with $5 billion in assets under management* has launched the ABS Long/Short Strategies Fund. The Fund is registered under the Investment Company Act of 1940 as a closed- end, non-diversified, management investment company (1099 RIC). The Fund is a conversion from a predecessor global equity long/short product and comes with a 5-year track record. This fund is available to U.S. accredited investors and has an initial minimum investment of $25,000. “This new product structure will allow ABS to reach a broader client base due to its lower minimum investment threshold and 1099 tax reporting, while continuing to focus on finding whom we believe are the most talented managers in the equity long/short space,” commented Laurence Russian, founder and portfolio manager. The objective of the ABS Long/Short Strategies Fund is to seek capital appreciation over a full market cycle while seeking to maintain a lower level of volatility when compared to the global equity markets’ risk and volatility.
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Industry Updates
ABS Investment Management launches new long/short product
Monday, June 13, 2016
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