Another hedge fund shop is looking to gain access to retail investors via a mutual fund. Leington, Mass.-basd BTS Asset Management announced today the conversion of the BTS Tactical Fixed Income Fund (BTFAX, BTFCX) from a hedge fund to a 1940 Act mutual fund.
“By converting to a mutual fund, individual investors can access a hedge fund strategy with the structure, liquidity and transparency of a traditional mutual fund,” stated Isaac Braley, president of BTS Asset Management,
“We seek to focus on the right bond asset class at the right time versus a widely diversified bond approach. We believe that investing in bonds with low correlations to one another can offer upside potential and downside protection. Our approach seeks to create a better sequence of returns for steady income over time.”
Founded in 1979, BTS Asset Management manages some $1.9 billion ($1.5 discretionary and $0.4 non-discretionary) in 12,500 individual, corporate, and pension accounts.