FYI: Just last week, Columbia Management announced the launch of a new alternative mutual fund, the Columbia Adaptive Alternatives Fund (CLAAX), in partnership with Blackstone Alternative Investment Advisors. The same day that partnership was announced, Columbia also filed paperwork with the SEC to shutter four of its own mutual funds, three of which are alternative funds.
Regards,
Ted
http://dailyalts.com/columbia-management-shutters-three-alternative-mutual-funds/
