Massachusetts-based BTS Asset Management announced Monday that it has transformed one of its hedge funds to a mutual fund.
BTS Asset president Isaac Braley said in a statement that “by converting to a mutual fund, individual investors can access a hedge fund strategy with the structure, liquidity and transparency of a traditional mutual fund.”
The fund will employ BTS’ history of tactical investing in high yield bonds, U.S. government bonds, and cash.
Founded in 1979, BTS utilizes a hedge fund strategy across its array of funds. It manages about $1.96 billion in assets.