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Goodwood & Crow Point Announce Fund Adoption

05/11/2018

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Goodwood Advisors, LLC and Crow Point Partners, LLC announced today that an Adviser transition plan for the Goodwood SMID Long/Short Fund (the “Fund”) was approved by Shareholders and the Board of Trustees. Effective today, Crow Point Partners, LLC has become Adviser to the Fund, and Cold Creek Capital, Inc., a Crow Point affiliate, has become sub-Adviser with primary portfolio management responsibilities.

“After four years managing the Fund, we chose to pursue a Fund ‘adoption’ partner that could offer both portfolio management and operational excellence,” said Ryan Thibodeaux, President of Goodwood Advisors. “Crow Point has the scale of a large diversified Fund Family, and its affiliate Cold Creek brings decades of investment management experience that we think will add value for current and future shareholders,” he added.

“We are pleased to incorporate the Goodwood Fund into the Crow Point fund family and thrilled to offer the Cold Creek small cap strategy in a mutual fund format,” commented Peter DeCaprio, CEO of Crow Point Partners. “As we made our three-year anniversary as an independent money manager last year, we partnered with Crow Point to better focus on stock selection and portfolio management, “remarked Alan Norton, co-Founder of Cold Creek.

“When Goodwood came to us with this idea, we knew immediately that it was a perfect match, and they have helped make this a seamless transition,” concluded DeCaprio.

There are no material changes proposed with respect to the Fund’s investment objectives or the Fund’s Prospectus. However, the name of the Fund will change, and the management fee will be decreased to 0.84% with an expense cap of 1.35%, from 1.25% and 1.70% currently.

 

 

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 Cold Creek Capital

Cold Creek Capital, Inc. is an emerging asset manager founded by Alan Norton and Thomas Norton in 2014. The Nortons have been managing Small and Mid-Cap strategies since 1999 at firms such as Congress Asset Management and John Hancock and will manage the Fund’s portfolio in a similar manner.

 

 

 


 

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