and Rhoads Lucca Capital Management
, whose funds are part of Northern Lights Fund Trust, are looking for funds to acquire.
| John Lekas |
Portland, Oregon-based Leader Capital, which advises the Leader Short-Term Bond Fund, is scouting for
a total return bond fund, said John Lekas
, principal and portfolio manager. Leader is also looking for funds to roll into its existing offering.
The short-term fund currently has $250 million of assets and is on track to hit $500 million by yearend, according to Lekas.
"We're able to support acquisitions at this time," Lekas told The MFWire
. "With our size, we can inhale a $50 million fund, a $500 million fund or a billion dollar fund."
The acquisition of a total return bond fund "would balance the business out," Lekas added.
Meanwhile, Dallas-based Rhoads Lucca, which runs the Autopilot Managed Growth Fund, is looking for a long-short fund, according to Andrew Rogers
, president of Gemini Fund Services, which administers the Northern Lights Fund Trust. Peter Mauthe
, president of Rhoads Lucca, was not immediately able to provide further comment on his firm's
The Northern Lights Fund Trust represents 37 mutual funds with assets totaling nearly $2 billion. According to Rogers, 10 more funds are currently in registration.
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