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Absolute Strategies I (ASFIX)

11.29 Down 0.02(0.18%) May 20


Profile as of Feb 27, 2013Get Profile for:
Absolute Strategies I
Forum Funds (Absolute)P.O. Box 588Portland,ME 04112
Map
Phone: 888-992-2765
Fund Overview 
Category:Multialternative
Fund Family:Absolute Strategies
Net Assets:3.92B
Year-to-Date Return:0.45%
Yield:0.00%
Morningstar Rating:4 stars
Fund Inception Date:Jul 10, 2005
Morningstar Style Box 
Multialternative
[View Category Definition]
View Top Multialternative Funds
About the Morningstar Style Box
Management Information 
Jay Compson
Lead Manager since Jul 10, 2005
Compson is the principal and founder of Absolute Investment Advisers LLC since 2004. Prior to that, he was a portfolio manager and partner at Abington Capital LP. Before that, he was at Tucker Anthony Sutro, Inc. Previously Compson was at Lehman Brothers in New York where he analyzed business unit RAROC for the firm's executive committee to understand volatility in overall firm ROE and to diversify systemic risk exposures. He began his career as a mega-yacht and catastrophe underwriter for the Chubb Group.
Investment Information 
Min Initial Investment:1,000,000
Min Initial Investment, IRA:1,000,000
Min Initial Investment, AIP:1,000,000
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:100
ASFIX can be purchased from 57 brokerages.

Fund Summary 
The investment seeks to achieve long-term capital appreciation with an emphasis on absolute (positive) returns and low correlation to traditional financial market indices such as the S&P 500 Index. The adviser, believes that there are important benefits that come from investing alongside skilled money managers whose strategies, when combined, seek to provide enhanced risk-adjusted returns, lower volatility and lower sensitivity to financial market indices. The fund pursues absolute returns by allocating assets among a carefully chosen group of asset managers who employ a wide range of specialized investment strategies. It is non-diversified.

Fund Operations 
Last Dividend : 0.00
Last Cap Gain (Dec 12, 2011) : 0.00
Annual Holdings Turnover (Dec 30, 2012) : 112.00%
Average for Category:145.08%
Fees & Expenses 
ExpenseASFIXCategory Avg
Annual Report Expense Ratio (net):1.73%1.79%
Prospectus Net Expense Ratio:1.73%N/A
Prospectus Gross Expense Ratio:2.58%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A5.40%
Max Deferred Sales Load: N/A1.28%
3 Yr Expense Projection*:802982
5 Yr Expense Projection*:1,3701,667
10 Yr Expense Projection*:2,9153,299
* Per $10,000 invested