Evanston Capital Management Announces New Registered Fund

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Evanston Capital Management Announces New Registered Fund

Jul 08, 2014

“RIC” Fund Available to All U.S. Accredited Investors

EVANSTON, Ill.--()--Evanston Capital Management, LLC, an alternative investment firm with approximately $4.9 billion of assets under management, is pleased to announce the launch of the Evanston Alternative Opportunities Fund (the “Fund”). The Fund is a closed-end, non-exchange listed, management investment company registered under Investment Company Act of 1940 and the shares of which are registered under the Securities Act of 1933. The Fund commenced operations on July 1, 2014. The Fund is available to U.S. accredited investors, including ERISA accounts, has an initial minimum investment of $50,000 and offers Form 1099 tax reporting.

Evanston Capital Management has historically offered private funds-of-hedge funds available solely to qualified purchasers. The Fund is intended to complement these private vehicles and has a similar strategy to Evanston Capital Management’s flagship fund-of-hedge funds that was launched in 2002. The Fund seeks attractive long-term risk adjusted returns and seeks to achieve its objective by investing substantially all its assets in underlying hedge funds, many of which seek to achieve their investment objectives with minimal correlation with traditional equity or fixed income indices. As of July 1, 2014, the Fund has exposure to the following strategies: Long/Short Equity, Relative Value, Event Driven, and Global Asset Allocation.

“We’ve received many requests over the years for funds accessible to a wider range of investors,” said Adam Blitz, Principal, CEO and CIO of Evanston Capital Management. “We are very pleased to launch the Evanston Alternative Opportunities Fund and to offer Evanston Capital Management’s first registered version of our fund-of-hedge fund strategies to accredited investors. As with our private offerings, we will apply our extensive experience in hedge fund selection, portfolio construction, operations and risk management as we strive to realize attractive long-term risk-adjusted returns for the Fund’s investors.”

For information about the Fund or to request a prospectus, please contact Carl Gargula, Vice President - Business Development of Evanston Capital Management at 847-328-4961.

About Evanston Capital Management
Evanston Capital Management, LLC (“ECM”) is an alternative investment management firm focused on providing multi-manager hedge fund programs for institutional and high net worth investors. Formed in 2002, ECM manages a variety of strategies emphasizing more concentrated portfolios, and ECM seeks to identify portfolio managers in which ECM has gained high conviction. ECM manages commingled funds and offers customized solutions to clients looking to tailor their hedge fund program. ECM has approximately 300 institutional investor relationships and approximately $4.9 billion in assets under management. For more information, please visit www.evanstoncap.com.

Foreside Fund Services, LLC Distributor

Before investing, you should consider carefully the Fund’s investment objectives, limited liquidity, risks, charges, and expenses. This and other important information is contained in the prospectus. Prospective investors should read the prospectus carefully before investing. You can obtain a copy of the prospectus by contacting ECM at investorrelations@evanstoncap.com or calling 847-328-4961 or by requesting a copy from your financial professional.

The Fund is speculative, involves a substantial degree of risk, and an investor could lose all or substantially all of his or her investment. The Fund is only available to “eligible investors” who can bear significant risk and do not require a liquid investment. There is no guarantee that the Fund will achieve its investment objectives. The Fund is newly organized and consequently has no operating history upon which investors can evaluate the Fund. The risks of an investment in the Fund include, but are not limited to: fund of funds investment risk, illiquidity risk, long/short equity strategies risk, event-driven strategies risk, relative value strategies risk, global asset allocation strategies risk, concentration risk, non-diversified status risk and the risks of the trading methods employed by underlying hedge funds such as the risks associated with the use of leverage, derivatives and emerging markets investing. Please read the prospectus for a complete discussion of the Fund’s risks.

This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from the Fund’s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the volume of sales and purchase of shares; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the Fund’s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund does not undertake any obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objective will be attained.

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