Apex supports Absolute Investment Advisers
Absolute Investment Advisers LLC (“Absolute”), a long-term client of the Apex Group (“Apex” or “The Group”), announced the closing of its acquisition of Mohican Financial Management, LLC (“Mohican”) on September 1, 2021
Absolute is the fund adviser to the Absolute Convertible Arbitrage Fund (ticker: ARBIX) while Mohican Financial has been the Fund’s subadviser. The strategic transaction brings the two firms together.
Apex has worked with Absolute to support fund launches and provide ongoing fund services since its foundation in 2004. Absolute provides access to non-traditional investment strategies in mutual fund structures and continues to prove the value offered to investors by the asset class. In this case, the Absolute Convertible Arbitrage Fund (ARBIX) was launched on August 14, 2017 with $25 million in legacy assets and a 15-year track record. Fund assets under management have since grown to over $525 million. Earlier this year ARBIX was named Lipper’s 2021 Best Alternative Equity Market Neutral Fund ranked 1 of 19 as of March 11, 2021 for the 3 year period.
“Convertible arbitrage is increasingly attractive to investors since it can complement either the fixed income or alternatives sleeve of a diversified portfolio. It may provide investors an opportunity for a moderate return with relatively low volatility, which is increasingly difficult to find in the current low interest rate environment. Convertible Arbitrage is, in our opinion, one of few strategies today that may consistently offer the potential for alpha and the team from Mohican has the experience, knowledge, and track record to execute on the opportunities present in the convertibles market.” explains Brian Hlidek, Managing Principal Sales & Marketing at Absolute.
Chris Koons, Head of Mutual Fund Services at Apex Group comments: “We truly value the collaborative relationship we have built with Absolute over the last 15 years, and are delighted to see such impressive growth with their latest product. We enjoy working on innovative products and our expertise and customized approach is well suited to Absolute’s service needs, in the past, present and future.”
David Faherty, General Counsel and CCO at Absolute adds: “We have had a great working relationship with the Apex team who have consistently provided us with high quality fund administration, accounting, transfer agency and compliance services. Apex advice and support have played a vital role in the growth and success of ARBIX.”
About Absolute Investment Advisers
Absolute Investment Advisers was founded in 2004 to help investors diversify and manage risk within their portfolios. The founders’ previous experiences in hedge funds, mutual funds and the high-net-worth advisory business led to the launch of the firm’s multi-alternative mutual funds in 2005. For over fifteen years Absolute has provided investors access to unique managers who are benchmark agnostic and absolute return focused. Absolute continues to break down the barriers between investors and illiquid, opaque hedge fund structures.
Since its inception, Absolute Investment Advisers has remained disciplined about sourcing alpha generating strategies with active risk management. Markets will continue to go up and down over time and investors can easily access those market returns through passive, index-oriented investments. Absolute seeks to provide more and give investors access to something different.
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Asset allocation decisions may not always be correct and may adversely affect Fund performance. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also may have an effect on a convertible security’s investment value. Debt securities have interest rate, inflation and credit risks and are subject to prepayment and default risk. High yield and junk securities involve greater risk and tend to be more sensitive to economic conditions and credit risk. Short sales may be considered speculative and it may be difficult to purchase securities to meet delivery obligations. The Fund may leverage transactions which include selling securities short as well as borrowing for other than temporary or emergency purposes. Leverage creates the risk of magnified capital losses. Diversification does not prevent loss or enhance returns. Foreign investments present additional risk due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks. Small, mid and large cap stocks are subject to substantial risks such as market, business, size volatility, management experience, product diversification, financial resource, competitive strength, liquidity, and potential to fall out of favor that may cause their prices to fluctuate over time, sometimes rapidly and unpredictably. The Fund is actively managed and may experience high turnover. This may cause higher fees, expenses and taxes, which could detract from Fund performance. Alpha is a measure of the active return of an investment, rather than return derived from a benchmark.
Past performance is not a guarantee of future results. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Refinitiv Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Refinitiv Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see www.lipperfundawards.com. Although Refinitiv makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv. © 2021 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited).
Diversification does not assure a profit or protect against a loss in a declining market.
Investors should carefully consider the Fund’s investments objectives, risks, charges and expenses before investing. This and other information is in the prospectus, a copy of which may be obtained by calling (888) 992-2765 or visiting the Fund’s web site: www.absoluteadvisers.com. Please read the prospectus carefully before you invest.
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