Emerald Asset Advisors is starting out the New Year with one less fund to worry about.
That’s because the firm’s Board of Trustees of the EAS Trademark Capital Global Fund, a separate series of the Northern Lights Fund Trust, has decided to liquidate the fund on January 15, 2013, according to a Securities and Exchange Commission filing.
The fund, which in September took on Trademark Capital Management as its sub-advisor, managed only $8.9 million as of Dec. 28. It had an expense ratio of 26` basis points. Year-to-date through November 30, the fund lost 2.84% while its benchmark, the MSCI EAFE gained 13.68%.