Forward Funds is liquidating a pair of alternative mutual funds.
According to a regulatory filing, the San Francisco-based firm is liquidating the Forward Strategic Alternatives Fund and the Forward Focus Fund on April 30.
Forward Strategic Alternatives Fund invested in asset classes that had low historical correlations with global stock and bond markets. It was launched in January 2008 and managed by Nathan Rowader. It managed just $2.8 million as of March 14.
The Forward Focus Fund betted on companies with market capitalization no bigger than $3 billion. The fund was launched in May 2008 and managed by Randall Coleman and Dave Ruff. Its assets under management were slightly over $10 million as of March 14.
A spokesperson for the firm was not immediately available to comment on the funds' closings.