ABS Investment Management Announces the Launch of a Global Equity Long/Short 1099 Ric Product

GREENWICH, Conn., June 13, 2016 /PRNewswire/ -- ABS Investment Management LLC, an alternative investment management firm specializing in global equity long/short solutions with $5 billion in assets under management* is pleased to announce the launch of the ABS Long/Short Strategies Fund (the "Fund").  The Fund is registered under the Investment Company Act of 1940 as a closed-end, non-diversified, management investment company (1099 RIC). The Fund is a conversion from a predecessor global equity long/short product and comes with a 5-year track record. This fund is available to U.S. accredited investors and has an initial minimum investment of $25,000.

"This new product structure will allow ABS to reach a broader client base due to its lower minimum investment threshold and 1099 tax reporting, while continuing to focus on finding whom we believe are the most talented managers in the equity long/short space," commented Laurence Russian, founder and portfolio manager.  The objective of the ABS Long/Short Strategies Fund is to seek capital appreciation over a full market cycle while seeking to maintain a lower level of volatility when compared to the global equity markets' risk and volatility. 

Notes to Editors:
ABS Investment Management, Greenwich, CT., was established in 2002 and focuses on equity long/short strategies.  ABS invests with small and mid-sized managers across the globe. The three founders, Alain DeCoster, Laurence Russian and Guilherme Valle have worked together since 1994. ABS's investor base is primarily comprised of pension assets, endowments, foundations, and HNW investors.

For further information contact:
Mark Murphy, Portfolio Specialist
ABS Investment Management
Telephone: + 1 203 618 3737
Email: [email protected]

*As of 06/01/2016

RISK:

An investment in the Fund will involve significant risks, including the risk of loss of the amount invested. Investments in Fund is suitable only for certain financially sophisticated investors who have no need for immediate liquidity in their investment and can bear the risk of an investment for an extended period of time. There is no guarantee that the Fund will achieve its objective.

Shareholders do not have the right to require the Fund to redeem any or all of their shares. With limited exceptions, shares are not transferable, and liquidity may be provided only through periodic repurchase offers by the Fund. There is no guarantee that the Fund will repurchase all of the shares tendered by an investor. There is no secondary market for the shares and none is expected to develop.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. A prospectus with this and other information about the Fund may be obtained by calling (203) 618-3737. The prospectus should be read carefully before investing.  ABS Long/Short Strategies Fund is distributed by Foreside Fund Services, LLC

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SOURCE ABS Investment Management LLC