Angel Oak Introduces Multi Strategy Income Fund (ANGLX)
ATLANTA, June 28, 2011 /PRNewswire/ -- Angel Oak Capital Advisors, LLC ( Angel Oak) is pleased to announce the launch of the Angel Oak Multi Strategy Income Fund (The Fund, Ticker: ANGLX). The Fund offers an easier way for individual and professional investors to invest in alternative fixed income instruments. It seeks to achieve high current income while providing less interest rate sensitivity than traditional fixed income assets.
The fund is managed by an Angel Oak team headed by portfolio managers Brad Friedlander and Ashish Negandhi.
"Our strategy initially is to focus on the asset-backed securities market. This asset class has traditionally been available only to hedge fund like structures, so we are excited to be opening a mutual fund that takes advantage of these types of opportunities in the fixed income marketplace," said Friedlander, Angel Oak's managing partner. Even though the initial focus will be on the asset-backed securities market, the Fund's versatility allows the portfolio management team to continuously evaluate relative-value opportunities across all areas of the fixed income market. The advisor's knowledge and expertise enhances its ability to incorporate alternative, structured and traditional fixed income.
"The Fund invests across fixed rate and floating rate securities, in an effort to effectively manage the interest rate risk of the overall portfolio according to our current views on the market," added Friedlander.Investors can purchase the Fund directly or through TD Ameritrade. More options to purchase the fund will be available over the coming months. About Angel Oak Capital Advisors, LLC Angel Oak Capital Advisors, LLC, is a boutique asset management firm based in Atlanta, with $200 million in assets under management. The firm is a fixed income specialist focused on creating value through fundamental credit analysis and asset selection. The widely experienced Angel Oak Capital team targets its strategies to the unique needs of institutional investors and individuals. For more information, visit www.angeloakcapital.com. MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL Disclosure Statement: Past results are not indicative of future results. There is risk of loss when investing in mutual funds. Investors should carefully consider the investment objectives, risks, charges and expenses of the Angel Oak Multi Strategy Income Fund . This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling 678-856-3275. The Prospectus should be read carefully before investing. Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA) SOURCE Angel Oak Capital Advisors, LLC
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV