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.
The firm did not respond to an email seeking comments about its new offering.
Loeb & King was formed in February 1985 and manages a variety of pooled investment vehicles. As of April 1, the firm managed over $593 million in assets. The firm is led by Gideon King, who currently serves as chief executive officer and chief investment officer.