Jim Hillary's LS Independence Capital Asset Partners
will serve as the sub-adviser to Long Short Advisors
LLC's LS Opportunity Fund
. Morningstar analyst Ryan Leggio picked up on this development in his
Fund Times column
Hillary departed Marsico Capital Management
in 2004 to put up his own investment management firm. Hillary ran Marisco Focus and Marsico Growth alongside Tom Marsico. Earlier, Hillary managed Marsico 21st Century.
The LS Opportunity Fund will have an expense ratio of 250 basis points, according to an
. It will invest in both long and short positions within a portfolio consisting of primarily publicly-traded common stock.
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