The 361 Absolute Alpha Fund has lowered its management fee from 165 basis points to 125 bps, effective Oct. 1, Money Management Executive has learned.

In addition, the fund has also dropped all five of its subadvisors including: SouthernSun Asset Management, Newsouth Capital Management, Brc Investment Management, Tributary Capital Management and Elessar Investment Management, according to data from Morningstar.

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