A L/S Mutual Fund Goes Belly Up

The Triex Tactical Long/Short Fund, a separate series of the Northern Lights Fund Trust, is shutting down on September 27.

According to a Securities and Exchange Commission filing, the fund stopped trading on September 4.

The alternative product launched last November and is managed by Gary Bertucchi. Its mandate includes betting primarily on index-based mutual funds and exchange-traded funds. It charged a net expense ratio of 291 basis points.

A spokesperson for Northern Lights was not immediately available for comment on the liquidation.

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