Balter Liquid Alternatives, a subsidiary of Balter Capital Management, has launched the Balter Discretionary Global Macro Fund, which is sub-advised by Willowbridge Associates Inc.
The co-Portfolio Managers, Phil Yang and Frank Marrapodi, utilise Willowbridge's wPraxis Trading Approach (1X Leverage) strategy and the fund's objective is to seek to generate positive absolute returns in most market conditions, irrespective of the performance of broad market indices. As a result, the performance of the fund may not be correlated with the performance of broad equity or fixed income markets.
The Balter Discretionary Global Macro Fund follows the Balter Liquid Alternatives' initial '40 Act offering, the Balter Long/Short Equity Fund (ticker: BEQIX). Each fund intends to provide high quality hedge fund managers running their strategies pari passu limited partnership vehicles, rather than the watered-down "hedge fund lite" options that have been commonplace to date.
Unlike traditional hedge funds, both funds provides daily liquidity, lower investment minimums, and simplified tax reporting for shareholders, while offering quarterly full transparency of portfolio holdings and lower fees. They employ the investment approach, risk management and operational due diligence traditionally available only to institutional and high-net-worth investors through traditional hedge funds.
"The funds build on our philosophy of making great managers available to a wider audience," says Brad Balter, CEO of Balter Liquid Alternatives. "We believe that hedge fund industry dynamics have led to many managers with great records being overlooked by the broader investing public. Our roots are those of a deep research and due diligence boutique. The skill-set and experience our team has developed allows us to bring potential value add alternative strategies to the marketplace. We are not interested in constructing mass produced products where the goal is simply to gather assets. The Balter Discretionary Global Macro Fund is our next step in offering compelling Alternative Mutual Funds (AMF's) which allow investors the ability to access hedge fund strategies in a format that seeks to help solves tax, transparency and liquidity issues for the investment community. We strive to bring high quality hedge fund offerings to the mutual fund market."