Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

December 17, 2019

Knights launch new investment vehicle

PHOTO | Pixabay.com
By Michelle Tuccitto Sullo

A New Haven-based Catholic asset-management and investment firm on Monday announced the launch of a new fund option for investors.

The Knights of Columbus Asset Advisors, or KoCAA, is now offering the Catholic Investor Long/Short Equity Fund.

The fund follows an investing strategy that takes long-term positions in stocks expected to appreciate, and short positions in stocks predicted to decline. The goal, according to KoCAA, is to minimize market exposure and improve investor profit.

According to the organization, it is the only Catholic long/short mutual fund in the world, and investors can be assured that investments are in alignment with Catholic teachings. 

The fund would not involve investments in companies or organizations associated with abortion, human cloning, or embryonic stem-cell research, for example. 

Anthony Minopoli, president and chief investment officer of KoCAA, said the new fund offers an “attractive portfolio diversification” for investors.

The fund “employs conservative investing positioning with a long-term focus on steadily compounding returns, with a view towards capital preservation,” Minopoli said in a press announcement.

“The fund applies a disciplined approach to stock selection; focusing on fundamental value, while still seeking to capitalize on when temporary anomalies create opportunities of profit and market valuations," he added.

Anthony Minopoli

L2 Asset Management will serve as the sub-advisor on the fund.

According to KoCAA, they hope the new fund will appeal to investors seeking to lower their investment risks while maintaining fidelity to Catholic teachings.

Matt Malgari, fund portfolio manager, said in an announcement that the product is an alternative for “investors who are looking to diversify their portfolios,” and he asserted that it will provide “ballast during market shifts.”

KoCAA reports having more than $25 billion under management.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF