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Did the Advisor class of Whitebox Tactical Opportunities go away?
That is good, however, it appears that Fidelity is now only offering the institutional class with a hefty minimum investment and a transaction fee. It appears to still be in limbo in my account.
Somewhat interesting neither here-nor-there Whitebox note - there was a discussion under a couple of articles on Whitebox regarding their owning grain silos at one point. Those assets were sold a few years ago to Canadian co Ceres Global Ag (CERGF.PK). Jacob Mercer of Whitebox is on the board of Ceres. The Riverland Holdings arm of Ceres was previously called "Whitebox Commodities Holdings Corp."
Comments
http://www.whiteboxmutualfunds.com/docs/lit/tactical/Whitebox_Prospectus2.pdf
Minimize share classes.
Eliminate loads.
Bravo!
Now, best if WB Mutual Funds offers just single share class with minimum possible er.
But these are couple big steps in right direction for this promising shop.
Along with performance of WBMIX, again, some good news this New Year.
WHITEBOX TACTICAL OPPORTUNITIES INVESTOR-LOAD WAIVED
Fund symbol: WBMAX
Initial IRA Minimum Amount: 1,000.00
IRA Subsequent Amounts: 200.00