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Whitebox Advisors Launch Innovative Alternative Mutual Funds
MINNEAPOLIS, Jan. 10, 2012 /PRNewswire/ -- Whitebox Advisors, a $2+ billion investment advisor based in Minneapolis, announced today the launch of two alternative mutual funds - Whitebox Tactical Opportunities Fund (WBMAX), which is currently offered for investment, and Whitebox Enhanced Convertible Fund (WBNAX), which the manager expects to offer during the first quarter of 2012.
"Whitebox is excited to let individual investors capitalize on alternative strategies to which they might not otherwise have access," said Andrew Redleaf, CEO of Whitebox Advisors who will also manage the mutual funds. "With Whitebox Mutual Funds, our firm will apply our leading expertise in idea-driven alternative asset management to products available with daily liquidity, regulatory oversight, and ease of investing, to retail investors."
Whitebox Tactical Opportunities Fund harnesses the firm's robust research and investment infrastructure, and quantitative tools to identify and exploit mispricings, dislocations, and anomalies in and between markets and asset classes. Whitebox Enhanced Convertible Fund will invest in attractive convertible securities that may be overlooked by the hedge fund because they pose difficulties for arbitrage, but make sense for a mutual fund investment.
Whitebox Advisors will not create a new team of mutual fund investment professionals, but rather offers access to the way its top hedge fund managers allocate funds to a larger, diverse population of investors.
"Whitebox Mutual Funds will be managed by the same senior-level investment professionals who manage the hedge fund portfolios and our global heads of credit, event, and equity will manage the risk," said Mark Strefling, President of Whitebox Mutual Funds. "With sophisticated investment tools and professionals, Whitebox Mutual Funds are designed to invest across strategies, asset classes, and capital structures, all of which truly differentiates us from other mutual funds."
To learn more about Whitebox Mutual Funds' objectives, risks, charges, and other information, as well as to obtain a prospectus, please visit www.whiteboxmutualfunds.com.
Media Contact:
Amara Birman Kaiyalethe
952-920-8613
amara@askcomms.com
SOURCE Whitebox Advisors
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Legend3D Raises $19 Million In Venture Capital Funding to Meet Rising 3D Demand
SAN DIEGO, Dec. 12, 2011 /PRNewswire/ -- Legend3D, the leading innovator in 2D-to-3D conversion technology, today announced that it closed on a $19 million Series E Preferred Stock offering, to further expand its leadership in 3D conversion.
City Index Shares its Technical Stock Market Outlook for 2012
LONDON, December 23, 2011 /PRNewswire/ --
As the new year approaches, City Index Chief Technical Analyst Sandy Jadeja summarises 2011, analysing the stock market from a technical perspective and gives his thoughts on the FTSE 100, Dow Jones, Gold, Crude Oil, EUR/USD exchange rate and what is likely to be in store for 2012
Sandy Jadeja, Chief Technical Analyst, City Index:
The year 2011 certainly will leave a mark on investors' minds as we head into the New Year.
2012 Private Equity Compensation Report Reveals More Good News
SAN DIEGO, Dec. 19, 2011 /PRNewswire/ -- A report released today by PrivateEquityCompensation.com indicates the private equity and venture capital markets are continuing to enjoy increases in compensation and that the trend will extend to 2012.
For the second year in a row, private equity professionals reported a solid increase in total earnings over the previous year, with the cash earnings averaging $248,000 USD, which came in the form of both increased base salaries and bonuses.
STMicroelectronics Launches Corporate Venture Capital Fund
GENEVA, Dec. 15, 2011 /PRNewswire/ -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the launch of "ST New Ventures", its corporate venture capital fund currently under incorporation.
The acceleration of the pervasion of semiconductor has led ST to create a venture fund which will invest in technology, product and service start-up companies, preferably at early stage, to understand in advance emerging markets for which semiconductor is key.
The Little Book of Stock Market Profits
CHICAGO, Nov. 29, 2011 /PRNewswire/ -- A wide variety of strategies have been identified over the years, which purportedly outperform the stock market. Some of these include buying undervalued stocks while others rely on technical analysis techniques.
Innealta Announces the Launch of Actively Managed Sector and Country Rotation Mutual Funds
AUSTIN, Texas, Jan. 9, 2012 /PRNewswire/ -- Innealta Capital, a quantitative asset manager specializing in the active management of Exchange Traded Fund (ETF) portfolios, has announced the launch of two mutual funds, the Innealta Capital Country Rotation Fund (tickers: ICCIX and ICCNX) and the Innealta Capital Sector Rotation Fund (tickers: ICSIX and ICSNX).
Schooner Funds Celebrates Three Year Anniversary of Their Flagship Mutual Fund, and the Launch of Their Newest Alternative Mutual Fund
PHILADELPHIA, Dec. 15, 2011 /PRNewswire/ -- Despite a difficult market, it's been smooth sailing for Schooner Investment Group's flagship mutual fund, The Schooner Fund (Ticker: SCNAX). The Fund recently celebrated its three-year mark. The Schooner team has been very happy with its performance relative to its benchmarks, the S&P 500 Index and Morningstar's Long/Short category. In addition, Schooner Fund recently received third party analysis and ratings from Morningstar, and Lipper after achieving its three year track record.
While traditional long-only mutual funds are inherently subject to market volatility, they are rarely able to take advantage of volatility pricing.
Golden Seeds Closes on $26.5 Million for Second Venture Capital Fund
NEW YORK, Dec. 20, 2011 /PRNewswire/ -- Golden Seeds closed its second fund with $26.5 million in committed capital for investments in early stage, high growth companies across at least three sectors, including technology, life sciences and consumer goods.
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