EAS Crow Point Alternatives Fund Receives Morningstar® Rating
Four Stars Overall from Morningstar®, out of 148 Funds in the US Fund Multi-alternative Category, based on risk-adjusted returns as of 5/31/2018.
June 7, 2018 – Hingham, MA – Crow Point Partners, LLC announced that the EAS Crow Point Alternatives Fund (“EASIX”) received Morningstar’s four-star rating within the research firm’s Multialternative category based on overall performance ending 5/31/2018.
“We are honored to receive the 4-star Morningstar rating and proud of the investment team here at Crow Point” commented Peter DeCaprio, CEO of Crow Point Partners. “Our firm has tried to be a leader in the alternative investment industry and we are pleased to see that our differentiated approach to alternative fund management has produced good results for our shareholders,” he continued.
The EAS Crow Point Alternatives Fund is a multi-strategy liquid alternative fund that seeks to achieve a consistent, low volatility absolute return stream with low correlation to traditional asset classes. The portfolio managers take a multi-manager approach to construct a highly diversified portfolio of global securities across all asset classes utilizing a stable of high quality managers that have endured multiple market cycles.
The EAS Crow Point Alternatives Fund offers three share classes: Institutional Class (EASIX; $500,000 minimum initial investment), Investor Class (EASYX; $2,500 minimum initial investment; EASAX; $500 minimum initial investment).
The Fund is available for purchase at the major RIA custodians including: Fidelity, Charles Schwab, TD Ameritrade.
The Fund is also available for purchase at the major IBD custodians including: LPL, Raymond James, Cetera, Commonwealth and Mid Atlantic.
About Crow Point Partners
Crow Point Partners, LLC is a $900 million asset management firm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research and investment process. Since inception, Crow Point has sub-advised three Wells Fargo Separate account composites and launched the Crow Point Separate account composites in 2012. Today, the Crow Point family of Separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.
About Morningstar, Inc and the Star Rating System
The Morningstar Rating TM for separate account composites, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
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