MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 11, 2024 An OCIO's 1st Fund Reaches $100MM The Dynamic Wealth Group team is celebrating a nine-figure milestone for their first ever mutual fund. Brad Barrie, CEO and co-founder of DWG, confirms that the Dynamic Alpha Macro Fund reached $100 million in AUM as of July 3, 2024. The fund's inception date was July 2, 2023. "We are proud to have partnered with and support DWG on the Dynamic Alpha Macro Fund," states Catherine Ayers-Rigsby, president of Advisors Preferred [profile]. "We believed their distinctive approach would resonate well with advisors, and this milestone has confirmed that." Barrie puts the growth of the Dynamic Alpha Macro Fund in the context of what he describes as DWG's "innovative Multi-Dimensional Asset Allocation solutions." "We strive to improve on traditional asset allocation by incorporating not just different asset classes but also different approaches and disciplines," Barrie states. The Dynamic Alpha Macro Fund is a series of Advisors Preferred Trust. The fund comes in two flavors: institutional shares (DYMIX), with an expense ratio of 199 basis points; and investor shares (DYMAX), with an expense ratio of 239bps. DWG is the Dynamic Alpha Macro Fund's subadvisor, while Advisors Preferred is the fund's investment advisor, and AG Capital Management Partners is the futures trading advisor. The fund's PM team includes: David Johnson, managing director and chief operations officer of DWG; Asim Ghaff, president, chief investment officer, and chief compliance officer of AG; and Barrie himself. The fund's other service providers include: Ceros Financial Services, Inc., an Advisors Preferred affiliate, as distributor; Cohen & Company, Ltd. as independent accounting firm; Thompson Hine LLP as counsel; U.S. Bank, N.A. as custodian; and Ultimus Fund Solutions, LLC as administrator, fund accountant, and transfer agent. Printed from: MFWire.com/story.asp?s=67636 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |