Balter Liquid Alternatives Launches Discretionary Global Macro Offering
BOSTON, June 3, 2015 /PRNewswire/ -- Balter Liquid Alternatives LLC, one of the leading players in the growing liquid alternative business and subsidiary of Balter Capital Management, announced today the launch of Balter Discretionary Global Macro Fund (ticker: BGMIX) (the "Fund"). The Fund is sub-advised by Willowbridge Associates Inc. The co-Portfolio Managers, Phil Yang and Frank Marrapodi, utilize Willowbridge's wPraxis Trading Approach (1X Leverage) strategy. The Fund's objective is to seek to generate positive absolute returns in most market conditions, irrespective of the performance of broad market indices. As a result, the performance of the Fund may not be correlated with the performance of broad equity or fixed income markets.
The Balter Discretionary Global Macro Fund follows the Balter Liquid Alternatives' initial '40 Act offering, the Balter Long/Short Equity Fund (ticker: BEQIX). Each fund intends to provide high quality hedge fund managers running their strategies pari passu limited partnership vehicles, rather than the watered-down "hedge fund lite" options that have been commonplace to date.
Unlike traditional hedge funds, both funds provides daily liquidity, lower investment minimums, and simplified tax reporting for shareholders, while offering quarterly full transparency of portfolio holdings and lower fees. They employ the investment approach, risk management and operational due diligence traditionally available only to institutional and high-net-worth investors through traditional hedge funds.
"The Fund builds on our philosophy of making great managers available to a wider audience," said Brad Balter, CEO of Balter Liquid Alternatives. "We believe that hedge fund industry dynamics have led to many managers with great records being overlooked by the broader investing public. Our roots are those of a deep research and due diligence boutique. The skillset and experience our team has developed allows us to bring potential value add alternative strategies to the marketplace. We are not interested in constructing mass produced products where the goal is simply to gather assets. The Balter Discretionary Global Macro Fund is our next step in offering compelling Alternative Mutual Funds (AMF's) which allow investors the ability to access hedge fund strategies in a format that seeks to help solves tax, transparency and liquidity issues for the investment community. We strive to bring high quality hedge fund offerings to the mutual fund market."
About Balter Liquid Alternatives
Balter Liquid Alternatives (BLA) is a subsidiary of Balter Capital Management, a boutique firm focused on hedge fund research and investing. BLA was formed to create and manage daily liquidity alternative mutual funds. Balter Capital Management oversees approximately $1.3 Billion in hedge fund and alternative mutual fund assets. BLA constructs liquid investment products utilizing existing hedge fund managers. For more information, please visit our website at www.balterliquidalts.com.
Balter Long/Short Equity Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus may be obtained by clicking here or a free hard copy is available by calling 1-855-854-7258. Read it carefully before investing.
Balter Discretionary Global Macro Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus may be obtained by clicking here or a free hard copy is available by calling 1-844-322-8112. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified and may hold a significant percentage of its assets in the securities of fewer companies, and therefore events affecting those companies have a greater impact on the Fund than on a diversified fund. The Fund may use derivatives which may not perform as anticipated by the Sub-Advisers, may not be able to be closed out at a favorable time or price, or may increase the Fund's volatility. Increases and decreases in the value of the Fund's portfolio may be magnified when the Fund uses leverage. The fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. When the Fund invests in ETF's or mutual fund's, it will bear additional expenses based on its pro rata share of the ETF's or mutual fund's operating expenses, including the potential duplication of management fees. The Fund also will incur brokerage costs when it purchases ETFs. The value of the Fund's investments in REITs may change in response to changes in the real estate market such as declines in the value of real estate, lack of available capital or financing opportunities, and increases in property taxes or operating costs.
The Balter Long/Short Equity Fund is Distributed by Quasar Distributors, LLC and Balter Liquid Alternatives, LLC is the Investment Adviser.
The Balter Discretionary Global Macro Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Balter Liquid Alternatives, LLC is not affiliated with Northern Lights Distributors, LLC.
NLD Review Code: 3391-NLD-06/03/2015
CONTACT: Ben Deschaine, 617.742.4226
SOURCE Balter Liquid Alternatives LLC
Related Links
http://www.balterliquidalts.com
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