The Board of Trustees of the Newgate Global Resources Fund has decided to liquidate the fund, effective as of July 31, according to a Securities and Exchange filing.

The 1-Star rated fund, which began trading in December 2008, returned -9.14% year-to- date through June 30. The $5.7 million fund is managed by Avy A. Hirshman, chief investment office at Greenwich, CT-based Newgate Capital Management.

A spokesperson for the firm was not immediately available to comment on the fund’s liquidation.

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