GREENWICH, Conn.--(BUSINESS WIRE)--Recon Capital, an investment firm and exchange traded fund (ETF) provider has expanded its product offerings by partnering with Crow Point Partners, LLC, a boutique investment manager with a long track record in global equity, alternative, and specialty fixed income strategies, to offer the Crow Point Dividend Plus Fund (Symbol: GDPIX).
“Today, with yield and volatility curves at historic lows, investors face an inordinate amount of assymetric risk. Investment management firms need to provide products to help them. We believe GDPIX does that,” said Peter DeCaprio, the CEO and co-founder of Crow Point. The Crow Point Dividend Plus Fund is comprised of three strategic sleeves: (1) a rules-based global long/short equity portfolio, which is the majority of the fund’s invested assets; (2) a short duration, high-quality floating-rate bond sleeve;and (3) a dynamic options overlay for additional income.
According to Garrett Paollela, CEO of Recon Capital and the fund’s adviser, “Closed-end funds could be an ideal structure for long/short strategies and the market is long overdue for this distinct product.” The long/short strategy seeks to create a short portfolio that minimizes income and reinvests those short proceeds into a long portfolio that maximizes income” Paollela added, “The closed-end fund structure gives a manager more flexibility than an open-end fund in constructing a long/short portfolio that results, for investors, in a balance between higher yields and risk mitigation.”
“We are excited to be working with Crow Point to use our expertise in options to deliver distinct and practical solutions for today’s yield buyer,” Paollela said. “Crow Point has a very experienced team ideally suited for this product. Managing duration exposure is a skill set that income investors will need in the years to come, and we are pleased to present a product that does that.“ Paollela added, “Recon Capital is committed to using our operational infrastructure to deliver market-driven, value-added products that strive to meet the evolving needs of global investors and this product embodies that notion.”
About Recon Capital Partners:
Recon Capital Partners, LLC is an SEC registered investment adviser headquartered in Greenwich, Connecticut. Recon Capital provides investment solutions for institutional investors, financial professionals, and individual investors in a liquid, transparent, and cost effective manner. Recon Capital deploys its strategies through several investment vehicles including, but not limited to, exchange traded funds, closed end funds and separately managed accounts. For more information, please visit http://www.reconfunds.com and www.reconcapitalpartners.com for more detail.
About Crow Point Partners
Crow Point Partners, LLC, founded in 2006, manages approximately $1.0 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, hedged equity, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com.
