361 Capital Plans Liquid Alt Fund With Turnkey Solution from UMB and MFAC

Denver-based 361 Capital, an asset management firm specializing in liquid alternatives, has filed with the Securities and Exchange Commission (SEC) to launch the 361 Global Long/Short Equity Fund, using the Investment Managers Series Trust (IMST) from UMB Fund Services and Mutual Fund Administration Corporation (MFAC).

The IMST uses UMB Bank (based in Kansas City) as the custodian and UMB Fund Services (based in Milwaukee) fund accountant and transfer agent, while MFAC (based near Los Angeles) leads general fund oversight, post-trade compliance, the handling of board and chief compliance officer matters/communication, corporate secretarial services, regulatory compliance, SEC registration/reporting, and budgeting.

The turnkey solution also uses distribution services from IMST Distributors, owned and operated by Foreside, a distribution and compliance firm based in Portland, Maine.

The fund will be sub-advised by Los Angeles-based Analytic Investors, which manages approximately $10 billion in assets, will sub-advise the Fund. The fund will use the same investment strategy as the Analytic Global Long/Short Equity Portfolio, a separately managed account, which was launched in December 2009.

“The launching of this Fund will provide a quality long/short mutual fund option to investors. There is clearly a shortage of attractive long/short equity mutual funds, and even more so funds that deliver global exposure,” says Tom Florence, CEO of 361 Capital. “In Analytic Investors, we have a sub-advisor with more than 40 years of experience managing both traditional and non-traditional portfolios. Importantly, they have effectively been managing this strategy for almost 5 years.”

The filing of the fund is the first of a series of funds that 361 plans to offer that will be sub-advised by single manager, and it follows the recent launch of two internally managed mutual funds, 361 Global Managed Futures Strategy Fund and 361 Global Macro Opportunity Fund, both of which also use IMST for service providers.