GREENWICH, Conn., Oct. 1, 2012 /PRNewswire/ -- Taylor Alternative Mutual Funds ("Taylor ALTS"), which are committed to providing financial advisors and their clients direct and easy access to leading alternative investment strategies in a mutual fund format, today announced the launch of the Taylor Xplor Managed Futures Strategy Fund [TMFIX] ("Taylor Xplor Fund"), the first mutual fund of the Taylor ALTS family of funds.
The Taylor Xplor Fund is a managed futures strategy that was previously only available to qualified investors and is now accessible to all investors and their financial advisors in an SEC-registered, open-end mutual fund with daily liquidity. The Taylor Xplor Fund invests both long and short in a variety of asset classes, including commodities, currencies, equity indices and global interest rates, and is intended to complement traditional equity and fixed income investments by offering diversification, low correlation to markets, reduced portfolio risk during market crises, and the potential for strong returns. Diversification and low correlation to markets does not ensure profit or prevent losses.
"We created the Taylor Xplor Fund to meet the changing allocation needs of financial advisors and their clients resulting from the 2008 financial crisis, which has led to artificially low interest rates and global economic instability," said Kevin F. McDonald, Chief Executive Officer of Taylor Investment Advisors, the mutual fund adviser to the Taylor Xplor Fund. "We believe all investors deserve to have access to sophisticated investment expertise and the potential for superior risk-adjusted returns. Our primary goal is to provide the investment solutions that financial advisors need most to overcome the investment obstacles they face today, as well as those we see coming up ahead."
"Today's investment portfolios demand investments that are uncorrelated to market, business and economic cycles, and that can perform in down markets. The Taylor Xplor Fund seeks to meet these requirements and to offer investors an 'all-terrain vehicle' for navigating the hazardous roads ahead," said Barry F. Cronin, Chief Investment Officer of Taylor Investment Advisors.
The Taylor Xplor Fund was created through a coalition of three leading investment firms with proven track records of success. Taylor Investment Advisors, a boutique alternative investment firm with decades of experience sourcing top alternative investment talent, is the mutual fund advisor to the Taylor Xplor Fund. BlackRock, the leading global fixed income manager with over $3.7 trillion in assets under management, is the fixed income sub-advisor and will oversee management of the cash portion of the strategy. Xplor Capital, a registered CTA/CPO with a proven track record of investing in managed futures for more than a decade, is the trading manager for the Taylor Xplor Fund.
Currently, the Taylor Xplor Fund can be purchased through the Pershing Advisor Solutions platform or through a direct transaction with the custodian (Union Bank). The Fund will soon be available on other leading investment platforms in the coming weeks.
About Taylor Alternative Mutual Funds
Taylor Alternative Mutual Funds ("Taylor ALTS") provide financial advisors and their clients direct and easy access to leading alternative investment strategies in a mutual fund format, bringing decades of experience sourcing top investment talent. Taylor ALTS' mission is to provide innovative alternative investment solutions to financial advisors that address their allocation needs in response to a volatile and uncertain world that demands new investment tools. Taylor ALTS' highly specialized research and investment process aims to provide investors access to strategies with low volatility, active portfolio and risk management with the ultimate goal of generating attractive risk-adjusted returns.
Taylor Investment Advisors LP, the mutual fund adviser to Taylor ALTS, is an SEC-registered investment adviser that offers alternative investment advisory solutions to independent registered investment advisors, high-net-worth clients (directly and through their financial advisors), institutional (insurance companies), and retail investors.
To learn more about the Taylor ALTS and the Taylor Xplor Fund, please go to www.taylormutualfunds.com.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2012, BlackRock's AUM was $3.6 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2012, the firm has approximately 9,900 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.
About Xplor Capital
Xplor Capital Management ("Xplor"), founded in 2001, is the commodity trading advisor (CTA) and commodity pool operator (CPO) arm of Raylor Asset Management Group, which, along with its affiliate RayLign Advisory, oversees $230 million in assets. Xplor actively trades and manages a portfolio of futures contracts, including the four primary global asset categories: equity indices, interest rates, commodities and currencies. Xplor utilizes a proprietary, multi-strategy trading and allocation approach that systematically constructs the best combination of investment opportunities across 100 global futures markets and five trading strategies: trend-following, momentum, counter-trend, fundamental and pattern recognition (intra-day). Xplor's unique portfolio construction aims to deliver strong, investment growth, independent of market direction. Xplor's clients consist primarily of independent investment advisors and high-net-worth individuals.
Mutual Funds involve risk including the possible loss of principal. Investing in the commodities markets will subject the Fund to potentially greater volatility than traditional securities. Derivative instruments involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. In general, the price of a fixed income security falls when interest rates rise. Foreign Mutual Funds involve risk including the possible loss of principal. Investing in the commodities common stocks and currency strategies will subject the Fund to currency trading risks that include market risk, credit risk and country risk. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. The use of leverage by the Fund or an Underlying Fund, such as borrowing money to purchase securities or the use of derivatives, will indirectly cause the Fund to incur additional expenses and magnify the Fund's gains or losses. ABS, MBS, CMOs and CMBS are subject to credit risk because underlying loan borrowers may default. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Short positions may be considered speculative transactions and involve special risks, including greater reliance on the ability to accurately anticipate the future value of a security or instrument. A higher portfolio turnover may result in higher transactional and brokerage costs. Underlying Funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in an Underlying Fund and may be higher than other mutual funds that invest directly in stocks and bonds. Underlying Funds are subject to specific risks, depending on the nature of the fund. The Subsidiary will not be registered under the Investment Company Act of 1940 ("1940 Act") and, unless otherwise noted in this Prospectus, will not be subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands, under which the Fund and the Subsidiary, respectively, are organized, could result in the inability of the Fund and/or Subsidiary to operate as described in this Prospectus and could negatively affect the Fund and its shareholders. Your cost of investing in the Fund will be higher because you indirectly bear the expenses of the Subsidiary.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Taylor XPLOR Managed Futures Strategy Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.taylormutualfunds.com or by calling 888-895-6943. The prospectus should be read carefully before investing. The Taylor XPLOR Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA. The Taylor Companies, Xplor Capital Management, LLC and Blackrock Investment Management, Inc. are not affiliated with Northern Lights Distributors, LLC.
SOURCE Taylor Alternative Mutual Funds