Below is a list of the Sub-Advisers and a brief description the strategies they run for the Fund. Broader strategy definitions can be found in the Prospectus. All Sub-advisers are SEC registered investment advisers.
LakeWater manages a credit portfolio with the ability to invest long or short. The strategy is fundamentally driven, seeking to exploit inefficiencies in the capital structure of both investment grade and noninvestment grade companies. The strategy is designed to dynamically increase or decrease the sizing of the short and long exposure to adapt to changes in the economic environment and credit valuations while seeking a positive carry for the portfolio in most circumstances. LakeWater is located in Skaneateles, NY and was formed by the partners of LakeWater Capital Management (founded in 2010)
Primary Strategy for the Absolute Credit Opportunities Fund: Long/Short Corporate Credit
MOHICAN FINANCIAL MANAGEMENT, LLC
Mohican manages a flexible long/short convertible bond strategy that combines a concentrated portfolio of well-researched small/mid-cap convertible securities with opportunistic hedging of credit, interest rates and volatility. Founded in 2002, Mohican is located in Wilton, CT. (www.mohicanfinancial.com)
Primary Strategy for the Absolute Credit Opportunities Fund:Long/Short Convertible Bond