CORAL GABLES, Fla., March 10, 2016 /PRNewswire/ -- Collins Capital is pleased to announce that the Collins Long/Short Credit Fund (CCLIX/CLCAX), a mutual fund offering a true long/short credit strategy that dynamically adjusts exposure throughout the credit cycle, celebrated its one year anniversary. More information about the Fund is available at http://www.collinsalternativefunds.com.
"We are very pleased with how well the Fund protected capital for clients and outperformed during this tumultuous fixed income environment," said Dorothy Weaver, Co-Founder, Chief Executive Officer and Chief Investment Officer of Collins Capital. "After years of wide open credit markets, suppressed volatility, low interest rates, and the tide essentially lifting all boats, the high yield market has quickly reversed course and we are finally starting to see fundamentals matter again. Spurred by the recent turmoil in energy and commodities, a significant sell-off has resulted in very compelling opportunities for highly-skilled and experienced credit pickers who can correctly identify the winners and losers. We believe that we are entering one of the most fertile environments we have seen in a long time, in which employing a conservative and dynamic approach to credit can be rewarded."
The Fund's sub-advisor, Pinebank Asset Management, LP, manages a portfolio of generally between 20 and 50 investments by combining an in-depth understanding of credit cycles and market liquidity along with bottom-up and event-driven credit selection. Pinebank maintains the flexibility to adjust the portfolio's net long and short exposures in different market environments, with the goals of seeking downside protection for investors and of generating positive returns independent of market direction.
"I have been intimately involved in the credit markets for the past 25 years and believe we are currently in one of the most opportune environments I have seen," said Oren M. Cohen, Chief Investment Officer and Head Portfolio Manager of Pinebank, who has managed the strategy since 2004. "We are at the point in the credit cycle where dispersion has increased significantly, long-only beta is no longer rewarded and a long/short approach to credit-picking can shine. In this environment, we believe the best positioning is to keep duration low and maintain higher cash balances to attempt to take advantage of the many and various opportunities presented by the currently volatile and illiquid credit markets."
About Collins Capital
Collins Capital is an experienced alternative investment firm whose funds use differentiated, non-correlated strategies that seek to offer compelling, risk-adjusted returns. Collins Capital offers distinctive, niche strategies that seek long-term capital appreciation while maintaining a low correlation over time with major equity and bond markets.
Founded in 1995, Collins Capital is an independent, owner-operated registered investment advisor specializing in hedge fund portfolios.
For more information about Collins Capital, visit http://www.collinsalternativefunds.com.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-855-55-ALT-MF. Read it carefully before investing.
Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. ETF and ETN investments involve additional risks such as the market price trading at a discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares. The Fund may invest in Asset-Backed and Mortgage-Backed securities. Investments in Asset-Backed and Mortgage-Backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund is non-diversified meaning it may concentrate its assets in fewer individual holdings and is exposed to more individual stock volatility than a diversified fund.
Collins Capital is the Advisor to the Collins Long/Short Credit Fund which is distributed by Quasar Distributors, LLC. Pinebank Asset Management, LP is the sub-advisor to the Collins Long/Short Credit Fund and is not affiliated with Quasar Distributors, LLC.
Absolute return strategies are not intended to outperform stocks and bonds during strong market rallies.
Beta is a measure of volatility of a security or a portfolio in comparison to the market as a whole.
Correlation is the extent to which the values of different types of investments move in tandem with one another in response to changing economic and market conditions.
Duration is a commonly used measure of the potential volatility of the price of a debt security, or the aggregate market value of a portfolio of debt securities, prior to maturity. Securities with a longer duration generally have more volatile prices than securities of comparable quality with a shorter duration.
SOURCE Collins Capital