New York-based Loeb & King Capital Management has filed with the Securities and Exchange Commission to launch the Loeb & King Alternative Solutions Fund, a multi-strategy alternative offering.

The fund will have exposure to hedge-like strategies such as merger arbitrage, event-driven value and long/short equity. It won’t come cheap to investors because its operating expense net of fees is a hefty 375 basis points for Investor Class shares and 350 bps. for Institutional Class shares.

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