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Timber Point Alternatives Fund (EASIX) merges into the Timber Point Global Allocations Fund (CGHIX)

By Patrick Mullin, CFA | Aug 26, 2020 3:24:57 PM

Timber Point Capital Management announces the merger of the Timber Point Alternatives Fund (EASIX) into the Timber Point Global Allocations Fund (CGHIX). 

Timber Point Capital Management (“TPCM”) announces that the merger (the “Merger”) of the Timber Point Alternatives Fund (the “Terminating Fund”) into the Timber Point Global Allocations Fund (the “Continuing Fund”) was completed after the close of business on August 21, 2020. 

The Merger was approved by the Terminating Fund’s shareholders at a special meeting held on August 21, 2020.

The Continuing Fund is a mutual fund managed by TPCM and is a class of mutual fund shares of TPCM.  The Terminating Fund was sub-advised on an interim basis by TPCM and is a class of mutual fund shares of TPCM.  As a result of the Merger, shareholders of the Terminating Fund have therefore become shareholders in an equivalent series of shares of the Continuing Fund and now hold an interest in a mutual fund managed by TPCM. 

The Merger was implemented on a tax-free basis, and it is anticipated to benefit shareholders of the Terminating Fund for a variety of reasons, including a reduction in management fees and total fund expenses. 

Post-merger, the investment approach employed in the Global Allocations Fund will remain fundamentally the same as a directional global macro strategy utilizing an active, disciplined investment process across a multi-asset class opportunity set including global equities, debt, commodities, currencies and market hedging tools.

TPCM is a New York based boutique investment manager providing alternative and multi-asset solutions to institutions, independent financial advisers, registered funds and private clients.  TPCM also manages the Timber Point Alternative Income Fund and provides Outsourced CIO services to independent RIA’s as well as private wealth services.

 

For more information on Timber Point's Global Allocations Strategy, click on the following links..

 

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