Dec. 3, 2012
/PRNewswire/ -- Frost Investment Advisors, LLC, a registered investment advisor, today launched the Frost-Cinque Large Cap Buy-Write Equity Fund (FCBWX - Institutional shares and FCAWX - Class A shares) and the Frost Credit Fund (FCFIX - Institutional shares and FCFAX - Class A shares), adding two new strategies to the firm's mutual fund family.
The Frost-Cinque Large Cap Buy-Write Equity Fund will combine large-cap equity assets with option strategies to potentially reduce market volatility and an investment strategy that includes buy-writes, protective puts and long-call options that may provide downside protection and increase portfolio income. The fund's investment strategy will also include:
- A large-cap equity portfolio diversified across industries and sectors, emphasizing companies that may out-perform their peers or the broader market
- A strategy to potentially mitigate market downside and increase portfolio income levels
- A long-term investment horizon with relatively low portfolio turnover.
Cinque Partners, a registered investment advisor headquartered in
, will manage the Frost-Cinque Fund as a sub-advisor. Cinque Partners' Managing Partner and Chief Investment Officer
will lead the management team for the fund. Adelman previously served as CIO for several large banking companies. "Frost Investment Advisors is a world-class investment organization, and Cinque Partners is proud to sub-advise this innovative fund offering," said Adelman.
"We are very pleased to be working with Cinque Partners on the Large Cap Buy-Write Equity Fund," said
, president of Frost Investment Advisors. "
and his team are industry experts on hedged equity investments, which may be appealing to our clients during a time of financial uncertainty and volatility."
The Frost Credit Fund seeks to maximize total return, consisting of income and capital appreciation. The fund invests in U.S. dollar-denominated high-yield fixed-income securities and other lower quality fixed income securities, which typically have a higher-risk profile when compared to government-issued fixed-income securities. The fund's strategy will be a domestic fixed-income portfolio composed of below-investment-grade corporate bonds, combined with both investment-grade and below-investment-grade mortgage-backed and asset-backed securities.