An Alts Fund Dumps Four Subadvisors

The Alternative Strategies Mutual Fund, a series of Northern Lights Fund Trust II, has bid farewell to a quartet of subadvisors, according to a Securities and Exchange Commission filing.

As of September 3, the fund’s sub-advisory agreements with Dunham Associates Investment Counsel, DuPont Capital Management Corporation, Sage Capital Management and Research Affiliates terminated as a result of prior written notice of termination. A call made to Aimee Elizabeth McCarty, Marketing Director and one of the founders of Ascentia Capital Partners, the fund’s advisor, was not immediately returned before press time.

The $24 million fund launched in March 2008 and sports an expense ratio of 250 basis points.