Frontier Silk Invest New Horizons Fund
Frontier Silk Invest New Horizons Fund will be seek capital appreciation. The plan is to invest in frontier market equities, either directly or through a form of derivative called a participation note. The fund will be managed by Zin El Abidin Bekkali, Olufunmilayo Akinluyi and Mohamed Bahaa Abdeen, all of Silk Invest Limited which is domiciled in London. The opening expense ratio will be 2.0% after waivers and the minimum initial investment is $10,000.
Harbor International Small Cap Fund
Harbor International Small Cap Fund will seek long-term growth of capital. The plan is to invest a diversified portfolio of 80-110 international small cap stocks. “Small” generally equates to “under $5 billion in market cap.” They’re looking for financial sound firms whose earnings have been growing lately and whose “reasonable company valuation indicat[es] a strong upside potential in the stock price over the next 9 to 12 months.” The fund will be managed by a team from Barings International Limited. The opening expense ratio will be 1.32% and the minimum initial investment is $2,500.
LDR Preferred Income Fund
LDR Preferred Income Fund will seek high current income and high risk-adjusted long-term returns. The plan is to invest in preferred shares of REITs, maybe with some interest rate hedges tossed in. Currently this portfolio is manifested in a hedge fund, LDR Preferred Income Fund, LLC, which will roll over and become a mutual fund. No word yet on the hedge fund’s performance. The fund will be managed by Lawrence D. Raiman (LDR) and Gregory Cox, both of LDR Capital Management. Neither the expense ratio nor the minimum initial investment has been revealed, though the existence of an archaic 5.75% front load has been.
Livian Equity Opportunity Fund
Livian Equity Opportunity Fund will seek long-term capital appreciation. The plan is to invest in a portfolio of 30-35 undervalued, mostly domestic, stocks. They’re looking for high quality businesses and some identifiable catalyst that will unlock value. Livian Equity Opportunity Fund already operates as a hedge fund, though its performance record has not yet been released. The fund will be managed by Michael Livian and Stephen Mulholland who currently run the hedge fund. The opening expense ratio has not been disclosed. The minimum initial investment will be $10,000.
TCW New America Premier Equities Fund
TCW New America Premier Equities will seek long-term capital appreciation. The plan is invest in “enduring, cash generating businesses whose leaders the portfolio manager believes prudently manage their environmental, social, and financial resources” and whose shares are relatively cheap. The fund will be managed by Joseph R. Shaposhnik, a senior vice president at TCW. The opening expense ratio not been determined and the minimum initial investment is $2000. That’s reduced to $500 for IRAs.
