GREENWICH, Conn., Sept. 28, 2017 /PRNewswire/ --
ABS Investment Management announced today that Joe Troy has joined the Firm as head of distribution for the ABS Long/Short Strategies Fund, a Registered Investment Company ("RIC").
In this newly created position, Mr. Troy will work with the current team of professionals who focus on distribution of the RIC, identifying, expanding and developing the Firm's relationships, and focusing on wirehouses and RIAs. Mr. Troy will be based in the Firm's Greenwich, CT headquarters.
"It has become clear to us that the benefits of our RIC product, with lower investment minimums and 1099 tax reporting, has made it a preferred structure for RIAs and wirehouses," said Laurence Russian, founder and portfolio manager.
Jon Feinberg, head of sales for ABS, commented, "There was a need for a new hire dedicated to the channel and Joe's industry experience, relationships and cultural fit make him an ideal addition to our team."
Mr. Troy said, "I was drawn to ABS because of the tenured, high caliber investment team and their commitment to a long standing investment process that has successfully navigated numerous market downturns and produced strong long-term institutional results."
About ABS Investment Management
ABS Investment Management LLC, Greenwich, CT., was established in 2002 and focuses on global equity long/short strategies, with both commingled products and separately managed accounts, and a dedicated Emerging Markets Equity L/S product. ABS's investor base is primarily comprised of pension assets, endowments, foundations, and HNW investors. ABS has approximately $5.2 billion in assets under management.
For further information contact:
Jestine Roberts, Client Service
ABS Investment Management
Telephone: +1 203.618.3767
Assets under management are as of August 31, 2017.
There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.
ABS Long/Short Strategies Fund ("Fund") is registered under the Investment Company as a non-diversified, closed-end management investment company and Foreside Fund Services, LLC (not affiliated with ABS) serves as the Fund's distributor of Shares.
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 203-618-3767. The prospectus should be read carefully before investing.
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SOURCE ABS Investment Management LLC