Emerald Asset Advisors has restructuring its flagship allocation fund, formerly dubbed the EAS Genesis Fund, to a more focused alternative investment mandate. The revamped EAS Alternatives Fund, which previously made bets on alternative investments and long US and global equities, will now pursue a purely liquid alternative investment strategy.
Specifically, the restructured fund will employ a variety of hedge-like bets on commodities; convertibles; currencies; emerging market bonds; high yield; equities; futures; Master Limited Partnerships and real estate.
Matthew MacEachern, a member of Emerald's investment team, said: "Understanding the nuances among all the different alternative strategies for many advisors is difficult enough; knowing when and how to use them is a whole other challenge. The Fund offers a packaged solution that actively manages these decisions for them."
The fund has an expense ratio of 149 basis points.
