The new fund, launched by Evanston Capital Management started up on July 1, 2014. The Fund is available to U.S. accredited investors, including ERISA accounts, has an initial minimum investment of $50,000 and offers Form 1099 tax reporting.
The new fund has strategic exposure to Long/Short Equity, Relative Value, Event Driven, and Global Asset Allocation.
“We’ve received many requests over the years for funds accessible to a wider range of investors,” Adam Blitz, Principal, CEO and CIO of Evanston said . “We are very pleased to launch the Evanston Alternative Opportunities Fund and to offer Evanston Capital Management’s first registered version of our fund-of-hedge fund strategies to accredited investors. As with our private offerings, we will apply our extensive experience in hedge fund selection, portfolio construction, operations and risk management as we strive to realize attractive long-term risk-adjusted returns for the Fund’s investors.”
Evanston Capital Management has previously offered private funds-of-hedge funds available only to qualified purchasers. The Fund is intended to complement these private vehicles and has a similar strategy to Evanston Capital Management’s flagship fund-of-hedge funds that was launched in 2002.
The Evanston Alternative Opportunities Fund seeks attractive long-term risk adjusted returns and seeks to achieve its objective by investing substantially all its assets in underlying hedge funds, many of which seek to achieve their investment objectives with minimal correlation with traditional equity or fixed income indices.
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