Cortland Fund Services LLC has been chosen by HAGIN Investment Management to administer the advisor’s first mutual fund, the HAGIN Keystone Market Neutral Mutual Fund.
Cortland’s Cottonwood Trust will provide back-office support and service for the New York-based investment firm’s new fund.
The launch of the HAGIN Keystone Market Neutral Mutual Fund is based both on their observations of the market as well as the feedback the HAGIN team was getting from financial intermediaries nationwide.
“Fee based advisors have limited options in the alternative space if they are not willing to work with separately managed account structures or limited partnerships,” says HAGIN’s CEO, Patrick Morris. “Additionally, the lack of transparency in both positions and in exposure to the market limits the ability of the advisor to construct optimised portfolios based on client goals.”
“We have been very pleased to work with the professionals at HAGIN Investment Management,” says Dan Hart, Managing Director of Cortland. “Their proven strategy is predictive of success in the new mutual fund structure, as it has been for their current investors. This is a unique opportunity for retail investors to invest in a strategy that has been designed and tested by leaders in the financial services industry.”
The mutual fund that the HAGIN team has created has a low fee, and is designed to deliver low volatility and a low correlation to the market. The HAGIN team believes that trends toward position transparency, diversification, liquidity and lower fees will create a large market for “easy to use” institutional quality products.