North Square Investments (North Square), a multi-boutique asset
manager with a range of equity, fixed income and multi-strategy
product offerings, announced it had completed the adoption of the
North Square Multi-Alpha Fund. Under the terms of the transaction,
North Square has become the investment adviser to the recently
renamed North Square Evanston Multi-Alpha Fund.
CHICAGO, May 23, 2024
/PRNewswire-PRWeb/ -- North Square Investments (North Square), a
multi-boutique asset manager with a range of equity, fixed income
and multi-strategy product offerings, announced it had completed
the adoption of the North Square Evanston Multi-Alpha Fund.
Previously named the Evanston Alternative Opportunities Fund, under
terms of the transaction agreement Evanston Capital Management, LLC
(Evanston Capital) will continue managing the Fund as
sub-adviser.
"We are pleased North Square has expanded
its alternative investment offerings to broaden the investor base
able to access Evanston Capital's investment expertise," said
Mark Goodwin, CEO and Co-Founder of
North Square Investments.
"We are pleased North Square has expanded its alternative
investment offerings to broaden the investor base able to access
Evanston Capital's investment expertise," said Mark Goodwin, CEO and Co-Founder of North Square
Investments. "We look forward to working with our Evanston Capital
colleagues to continue to market this Fund to accredited
investors," Goodwin said.
The transaction has added a new registered closed-end fund to
North Square's existing complex of 11 registered open-end funds,
while increasing North Square's assets under management in its fund
complex to over $1.5 billion on a
pro-forma basis following the close of the transaction on
May 6, 2024.
The Fund is a 1940 Act registered closed-end fund and is
designed for accredited investors to more easily access hedge funds
sponsored by managers that employ diverse alternative investment
strategies. As the Fund's sub-adviser, Evanston Capital will
continue managing the Fund's portfolio with no changes to the
portfolio management team or investment process.
The Fund seeks attractive long-term risk adjusted returns by
investing substantially all of its assets in hedge funds, many of
which seek to achieve their investment objectives with minimal
correlation to traditional equity or fixed income markets.
Adam Blitz, CEO, CIO and a
Founding Partner of Evanston Capital said, "we are pleased to
successfully conclude this transaction with North Square and begin
a partnership that allows the Fund to combine North Square's
excellent distribution reach with our research and investment
capabilities." "North Square has strong relationships with broker
dealers, RIAs, consultants, financial advisors and investors, and
investors will continue benefiting from Evanston's knowledge in hedge funds and the
longstanding relationships we've had with many of them. We look
forward to working closely with North Square." he added.
North Square is committed to the sourcing, vetting and delivery
of institutional quality, active investment managers to their
financial intermediary partners which include broker dealers,
wealth management advisors, RIAs, family offices, retirement plans
and private banks. North Square believes the firm delivers value to
its investment partners by providing support services and access to
distribution while assisting distribution partners as they search
for high quality, alpha-generating active investment strategies to
build better risk-adjusted portfolios for their clients. North
Square's multi-boutique platform includes a mutual fund family and
ownership interests in the distinctly branded firms of C.S. McKee
and Oak Ridge Investments with collective assets under management
and advisement of approximately $12.26
billion (as of March 31,
2024).
About North Square
Founded in 2018 and headquartered in Chicago, Illinois, North Square Investments is
an independent, multi-boutique investment firm dedicated to
delivering differentiated active investment strategies to the
market. With an experienced senior management team, a board
composed of highly regarded industry veterans and backed by
Estancia Capital Partners, North Square is a leader in aggregating
high quality, alpha-generating active strategies to assist
financial intermediary partners in building superior risk-adjusted
portfolios for the benefit of their clients. Learn more about North
Square Investments at https://northsquareinvest.com/
About Evanston Capital
Evanston Capital is an active investor in hedge funds as well as
private equity, venture capital and credit funds and creates
solutions to meet investors' needs for total return, alpha, and
diversification. Since Evanston Capital's inception in 2002, a key
focus of the firm has been identifying early-stage investment
managers it believes are capable of generating long-term
value-added returns in complex, innovative investment strategies.
As of May 1, 2024, Evanston Capital
has more than 170 institutional investor relationships entrusting
the firm with approximately $4.2
billion in assets under management. For more information,
please visit http://www.evanstoncap.com.
Evanston Capital Management, LLC and North Square Investments,
LLC are investment advisers registered with the U.S. Securities and
Exchange Commission. Registration does not imply a certain level of
skill or training. More information about the companies' investment
advisory services can be found in their respective Form ADV, which
are available upon request. Past performance is not indicative of
future results.
Important Fund Information and Disclosures:
The North Square Evanston Multi-Alpha Fund ("Fund") was formerly
known as the "Evanston Alternative Opportunities Fund." Prior to
May 6, 2024 Evanston Capital
Management, LLC ("ECM") was the Fund's investment adviser.
Effective as of May 6, 2024, North
Square Investments, LLC ("North Square") became the Fund's
investment adviser and retained ECM to become the Fund's
sub-adviser and continue managing the Fund's portfolio.
Risk Considerations:
The Fund is a continuously-offered, non-diversified, registered
closed-end fund with limited liquidity. No assurance can be given
that the Fund will achieve its objectives. The information above
does not constitute an offer to sell or a solicitation of an offer
to purchase the Fund's securities. Any such offer will be made only
by means of the Fund's Prospectus.
As described in the Fund's Prospectus and Statement of
Additional Information, an investment in the Fund is speculative,
involves a substantial degree of risk, and an investor could lose
all or substantially all of his or her investment. There can be no
assurance the Fund will achieve its investment objectives or avoid
significant losses. The Fund is only available to "eligible
investors" who can bear significant risk and do not require a
liquid investment. Please see the Fund's Prospectus for important
information about the Fund's terms, risks, and other
disclosures.
The Fund's shares are subject to restrictions on transfer and
have limited liquidity. The Fund does not list its shares for
trading on any national securities exchange; there is no secondary
market for the shares, and none is expected to develop. An
investment in the Fund's shares is not suitable for investors that
require liquidity, other than liquidity provided through the Fund's
repurchase policy. There can be no guarantee that an investor will
be able to sell any of its shares when it desires to do so. The
Fund's repurchase offer policy may decrease its size over time
absent significant new investments in the Fund. It could force the
Fund to maintain more liquid investments, sell assets prematurely,
substantially increase the Fund's ratio of illiquid to liquid
securities for non-redeeming investors, and/or reduce the
investment opportunities available to the Fund and cause its
expense ratio to increase.
Investors are urged to carefully review the Fund's Prospectus
for information about other fees, including the Fund's operating
expenses. Investors should consider the Fund's investment
objectives, risks, charges, expenses, and limited liquidity
carefully before investing; the Fund's Prospectus contains this and
other information about the Fund. All Fund investors are urged to
carefully review the entire Prospectus before investing. You can
obtain a copy of the Fund's Prospectus by contacting North Square
at investorrelations@northsquareinvest.com or calling 312-857-2160
or by requesting a copy from your financial professional. Please
read the Prospectus carefully before you invest.
Foreside Fund Services, LLC, Distributor.
Media Contact
Martin Gawne, North Square
Investments, (312) 857-2167,
mgawne@northsquareinvest.com, https://northsquareinvest.com/
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SOURCE North Square Investments