Bringing you live news and features since 2006 

First Trust Advisors announces resignation of investment sub-adviser

RELATED TOPICS​

First Trust Advisors has announced that Valhalla Capital Partners has submitted its notice of resignation as the investment sub-adviser to three of its funds, effective 30 June 2009.

First Trust Advisors has announced that Valhalla Capital Partners has submitted its notice of resignation as the investment sub-adviser to three of its funds, effective 30 June 2009.

The funds are the First Trust Strategic High Income Fund, First Trust Strategic High Income Fund II and First Trust Strategic High Income Fund III.

First Trust Advisors, the funds’ investment manager, is currently evaluating the impact of Valhalla’s resignation on the funds and is assessing alternatives to ensure continuity of portfolio management for the funds.

First Trust has served as each fund’s investment manager since inception and will continue to serve in such capacity following Valhalla’s resignation.

Each fund is a diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, each fund seeks to provide capital growth.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by