Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Mutual Funds

TFS Market Neutral Fund Announces Close

By Bob Keane

X
Your article was successfully shared with the contacts you provided.

TFS Capital, based in Richmond, Virginia and West Chester, Pennsylvania, has announced the closing of its Market Neutral Fund (TFSMX) to new investors, effective June 30, 2009. The close will be a “soft close” so any existing shareholder will be able to continue buying additional shares. Advisors who have already invested on behalf of their clients will also be able to buy shares for existing and future clients (subject to brokerage capabilities).

According to TFS for the 12 months ending 5/31/09, the Market Neutral Fund returned -5.13% vs. the S&P 500′s -32.57%. Year to date the fund’s return 8.05% through the end of May.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.