The first fund namely Whitebox Tactical Opportunities Fund (WBMAX) is currently offered for investment and the second fund namely Whitebox Enhanced Convertible Fund (WBNAX) is scheduled to offer during the first quarter of 2012.
The adviser said that WBMAX harnesses its research and investment infrastructure, and quantitative tools to identify and exploit mispricings, dislocations, and anomalies in and between markets and asset classes.
WBNAX will invest in convertible securities that may be overlooked by the hedge fund because they pose difficulties for arbitrage, but make sense for a mutual fund investment.
Whitebox Mutual Funds president Mark Strefling said that Whitebox Mutual Funds will be managed by the same senior-level investment professionals who manage the hedge fund portfolios and their global heads of credit, event, and equity will manage the risk.
