The Board of Trustees of the Altrius Small Cap Value Fund, a series of the Northern Lights Fund Trust, has decided to liquidate the fund on December 28, according to a Securities and Exchange Commission filing.

The fund was launched last July and currently manages some $13.5 million. It is managed by James Russo, who founded Altrius in 1997 and serves as the firm’s chief investment strategist. Prior to founding Altrius, he served as a naval aviator in the United States Marine Corps, according to the firm’s website, which does not list any other funds.

The firm did not immediately reply to an inquiry about the liquidation.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.