The first fund seeks to provide investors with a combination of capital appreciation and income by purchasing securities when there is potential for high-level return and well-controlled risk. The fund searches for the best investment opportunities at any given time and can invest in a range of securities including equity, fixed income, convertible securities and derivatives.
The Whitebox Enhanced Convertible Fund, meanwhile, is designed to give investors current income and to preserve capital, but it also has the potential for capital appreciation. The fund seeks U.S. convertible securities that have been overlooked by other funds concentrating on this asset class. In that effort, it looks for debt securities and preferred stocks that can be exchanged for common stock.
"Whitebox is excited to let individual investors capitalize on alternative strategies to which they might not otherwise have access," says Andrew Redleaf, Whitebox Advisors' CEO, who will manage the funds. Redleaf says the idea is to make alternative products with daily liquidity and regulatory oversight more accessible to retail investors.
BofA Enhances Merrill Edge
Advisor Group Offers CRM to Advisors
"We're confident this new tool will help advisors connect with one another to generate new ideas and grow their business. This is just one of many exciting technological innovations we have planned for 2012," says David Ballard, senior vice president and chief information officer of Advisor Group.
Lockwood Advisors Introduces Event Guidebook
Changes in event marketing in recent years now require financial professionals to develop more sophisticated content and unique ways to connect with their target audiences. Written and developed in collaboration with Impact Communications Inc., Seminars and Event Marketing offers suggestions on how to plan original and distinctive events. The guidebook offers case studies on successful, creative, educational, social and community-based events that attract prospects and build relationships.
iShares Introduces Three New ETFs