Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:One Liquid Alt Fund Shutters, While Its Sibling Gets Cheaper Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 29, 2016

One Liquid Alt Fund Shutters, While Its Sibling Gets Cheaper

News summary by MFWire's editors

A hedge fund shop in Florida is shutting down its first liquid alt mutual fund. Yet the shop is also trimming the fees on its second liquid alt fund.

Dorothy Weaver
Collins Capital Investments, LLC
Chairman and Chief Executive Officer
Miami-based Collins Capital Investments filed to liquidate the one-star, multi-manager Collins Alternative Solutions Fund, effective February 26. Svea Herbst-Bayliss of Reuters reported on the liquidation.

Meanwhile, a month ago Collins filed to cut the $7.5-million, single-manager Collins Long/Short Credit Fund's management fees by 40 basis points (to 135 bps) and the operating expense limit by 50 bps (to 145 bps for institutional shares and 170 bps for A shares), effective February 1.

Ex-Miami Fed chair Dorothy Weaver co-founded the hedge fund shop in 1995. In the spring of 2012 Collins entered the mutual fund side of the business by launching the Collins Alternative Solutions Fund. Per Reuters, that fund peaked at $175 million before suffering performance woes. Weaver and Collins' Steve Mason PMed the fund, which had been subadvised by Cambridge Strategy, Clinton Group, Pinebank Asset Management, Seven Locks Capital Management, and Whitebox Advisors.

Collins launched its second mutual fund, the Collins Long/Short Credit Fund, a year ago. That fund is subadvised by one of the other fund's subadvisors, Pinebank, and PMed by Collins' Mason and by Pinebank chief investment officer Oren Cohen.

As of Collins' most recent ADV, filed on March 27, 2015, its RIA had about $462 million in discretionary AUM. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use