Chicago-based Cortland Fund Services LLC has been chosen by New York-based HAGIN Investment Management to administer the advisor’s first mutual fund, the HAGIN Keystone Market Neutral Mutual Fund. Cortland’s Cottonwood Trust will provide back-office support and service for the New York-based investment firm’s new fund.
“Fee based advisors have limited options in the alternative space if they are not willing to work with separately managed account structures or limited partnerships,” stated HAGIN’s CEO Patrick Morris. “Additionally, the lack of transparency in both positions and in exposure to the market limits the ability of the advisor to construct optimized portfolios based on client goals.”
The Keystone mutual fund is being marketed as a low fee, low volatility and a low correlation offering.
