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Alternative Market Briefing

Balter Capital converts long/short small cap equity, event driven hedge funds to liquid alternatives

Tuesday, January 05, 2016

Komfie Manalo, Opalesque Asia:

Balter Capital Management has announced the conversion of its two existing hedge funds, Balter European L/S Small Cap Fund the Balter Event-Driven Fund, were converted into liquid mutual funds.

In a statement, Balter said the conversion was done through its Balter Liquid Alternatives LLC unit. The two funds will now trade under the tickers BESMX and BEVIX respectively.

Brad Balter, CEO of Balter Liquid Alternatives LLC said, "Our differentiation in the marketplace is that we succeed in partnering with hedge fund managers on an exclusive basis to provide not only the same strategy, but the same portfolio that the managers' LP structure has. This is a significant evolutionary step in the liquid alternatives space."

The Balter European L/S Small Cap Fund is sub-advised by S. W. Mitchell Capital, a $2 billion European equity specialist based in London, UK. The Fund has an 8+ year record with an annualized return of 10.6%. Portfolio manager Jamie Carter uses a bottom up fundamental security selection process. The fund's investment objective is to generate absolute returns for investors, primarily by investing both long and short in Small Cap European equities. Historical performance of the fund is provided below.

The Balter Event-Driven Fund is sub-advised by Tiburon......................

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