Under the agreement, Cortland’s Cottonwood Trust will cater back-office support and service for the investment firm’s new fund.
HAGIN CEO Patrick Morris said fee based advisors have limited options in the alternative space if they are not willing to work with separately managed account structures or limited partnerships.
"Additionally, the lack of transparency in both positions and in exposure to the market limits the ability of the advisor to construct optimized portfolios based on client goals," said Morris.
Designed to deliver low volatility, the mutual fund that the HAGIN team has created, has a low fee and a low correlation to the market.
The HAGIN team expects that trends toward position transparency, diversification, liquidity and lower fees will create a large market for "easy to use" institutional quality products.
