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Value Line Mitchell Appel

Value Line Funds completes acquisition of Alpha Defensive Alternatives Fund


Value Line Funds, a mutual fund company comprised of equity, fixed income and hybrid funds with assets exceeding USD2 billion, has completed the acquisition of the Alpha Defensive Alternatives Fund. 

The Fund has been renamed the Value Line Defensive Strategies Fund and investor (VLDSX) and institutional (VLDIX) shares are now available.

The Value Line Defensive Strategies Fund is a fund of funds that seeks to achieve capital preservation while producing positive returns with low volatility. The Fund has a flexible investment mandate to hold multiple asset classes with varying levels of correlation to the overall market. As an alternative investment, the Fund attempts to generate positive returns regardless of the direction of the equity and fixed income markets, and serves as a complement to traditional stock and bond portfolios.

The Fund continues to be managed by Bradley H Alford, Founder and Chief Investment Officer of Alpha Capital Management. Alford is a Chartered Financial Analyst with over 25 years of investment management experience with particular emphasis on alternative investments and asset allocation. He was selected by Institutional Investor as a “2012 Rising Star of Mutual Funds.”

“We are pleased to welcome Brad and the shareholders of the Alpha Defensive Fund to the Value Line Family of Funds,” says Mitchell Appel (pictured), President of Value Line Funds. “As we face higher levels of volatility in the current market environment, we believe it’s prudent for investors to include a defensive component in their portfolio allocations. Often long-term investment success and wealth building is more dependent upon capital preservation during periods of volatility rather than solely seeking higher levels of capital appreciation.”

“Throughout the Fund’s five-year history, the strategy’s investment approach has provided investors with the opportunity to manage risk during periods of negative market performance,” says Portfolio Manager, Brad Alford. “In fact, given the current market conditions related to Brexit, we are pleased the Fund had a positive return despite recent market declines.”

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