San Francisco-based Forward Funds is once again looking to scale down its alternative mutual fund offerings liquidating.
This time, the firm is liquidating its Forward Global Credit Long/Short Fund (FGCLX) on July 26, according to a regulatory filing. The fund was launched on September 30, 2011 and was managed by David Hinman and Raymond Zucaro. It managed just over $8 million as of June 10, according to Bloomberg.
A spokesperson for the firm was not immediately available to comment on the firm’s latest liquidation.
The firm in April shelved the Forward Strategic Alternatives Fund and the Forward Focus Fund.
As of March 31, Forward managed some $6.1 billion in alternative mutual funds, managed accounts and private funds.