Liberty Street Advisors Names Bramshill Investments New Subadvisor for Multi-Strategy Income Fund
Fixed income veterans Paul van Lingen and Ara Balabanian to serve as portfolio managers for next phase of fund’s growth
New York, NY – December 01, 2022 – Liberty Street Advisors Inc. (“Liberty Street”), an experienced investment advisor committed to providing advisors and investors access to differentiated strategies through its selective multi-manager family of funds, today announced Bramshill Investments, LLC (“Bramshill”) will assume the role of subadvisor on the Bramshill Multi-Strategy Income Fund (BDKAX, BDKCX, BDKNX).
Effective on 12/01/2022, it will be renamed Bramshill Multi-Strategy Income Fund (BDKAX, BDKCX, BDKNX) and continue to target total return, with an emphasis on providing current income, by investing in asset-backed debt securities, primarily in residential mortgage-backed securities. Based in Naples, Florida, Bramshill is an alternative asset management firm specializing in fixed-income including corporate bonds, preferred securities, municipal bonds, structured credit, and credit-themed equities. The firm brings over 13 years of experience in the fixed income space and has a proven track record of executing on a core absolute return approach.
“I’m thrilled to officially announce this new partnership as I know it will only enhance the strategic trajectory of the Bramshill Multi-Strategy Income Fund,” said Tim Reick, CEO of Liberty Street. “I’m grateful for the trust our investors continue to place in us and confident the Bramshill team can deliver on the fund’s investment objective to drive meaningful returns.”
Paul van Lingen as senior managing director and portfolio manager, and Ara Balabanian as managing director and portfolio manager will be responsible for the fund’s management and investment strategy.
Van Lingen is a member of Bramshill’s investment committee and has a specialty in mortgage-backed securities and all structured products. Prior to joining Bramshill in 2017, van Lingen was a managing director, principal, and portfolio manager at Rimrock Capital Management, where he served as head of structured products managing approximately $4 billion. Before this, van Lingen served as a managing director at RBS Greenwich Capital. He also worked as a senior managing director at Bear Stearns, where he oversaw one of the largest trading and issuance platforms and served as head of agency and non-agency ARM (Adjustable-Rate Mortgage) Trading, managing more than $20 billion.
Balabanian is a member of Bramshill’s investment team, with expertise in all areas of real estate and structured products. Prior to joining Bramshill Investments in 2019, Balabanian held positions as a director at RBS and Performance Trust Capital Partners, as well as a vice president at Goldman Sachs. He has 20-plus years of experience in structured finance with specific expertise in underwriting and originating asset backed securitizations as well as arranging asset-based financings, structured sales and advisory services.
“I’m humbled and honored by Liberty Street Advisors’ selection today and I’m certain we’ll achieve a great many things together on behalf of investors in a most-challenging market environment,” said Art DeGaetano, Founder and CIO of Bramshill. “I’m deeply proud of the reputation Bramshill has built in such a complex asset class and have the utmost confidence that Paul and Ara will guide this fund into the next stage of extraordinary growth”.
ABOUT LIBERTY STREET ADVISORS
Liberty Street Advisors, Inc. (“Liberty Street”) is an SEC registered investment advisor. The firm is located in New York City and launched its first fund in 2007. Liberty Street provides access to valuable and timely investment strategies designed to help investors and financial advisors meet the challenges of today’s market environment. As of June 30, 2022, Liberty Street manages seven mutual funds and an interval fund with collective assets under management of over $1.4 billion.
ABOUT BRAMSHILL INVESTMENTS
Bramshill Investments, LLC, is a fixed income investment manager with over $4.3 billion in assets under management (as of 7/31/2022). The firm was co-founded in 2012 by former GLG portfolio manager, Arthur DeGaetano. The team’s core investment strategy has an established combined track record of over thirteen years with an absolute return objective that can be accessed through various vehicles. Bramshill also offers other alternative investment strategies. Bramshill is an investment adviser registered with the United States Securities and Exchange Commission. Registration as an investment advisor with the SEC does not imply a certain level of skill or training of Bramshill or its employees. References to awards should not be construed as testimonials for our advisory services. For more information, please visit: https://bramshillinvestments.com
RISKS AND OTHER DISCLOSURES: An investment in the Bramshill Multi-Strategy Income Fund is subject to risk, including the possible loss of principal amount invested and including, but not limited to, the following risks: Market Risk: the market price of a security may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular issuer, company, or asset class. Fixed income/interest rate: Generally, fixed income securities decrease in value if interest rates rise, and increase in value if interest rates fall. High Yield (“Junk”) bond: involve greater risk of default, downgrade, or price declines, can be more volatile and less liquid than investment-grade securities. Mortgage-backed and Asset-Backed securities: subject to prepayment risk, “extension risk” (repaid more slowly), credit risk, liquidity, and default risks. Liquidity: the Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or it may only be able to sell those investments at a loss. Liquid investments may become illiquid or less liquid after purchase by the Fund, Illiquid investments may be harder to value, especially in changing markets. Sector Focus: focus may present more risks than if broadly diversified. Valuation: From time to time, the Fund will need to fair-value portfolio securities at prices that differ from third party pricing inputs. This may affect purchase price or redemption proceeds for investors who purchase or redeem Fund shares on days when the Fund is pricing or holding fair-valued securities. Such pricing differences can be significant and can occur quickly during times of market volatility. Credit Risk: If an issuer or guarantor of a debt security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded or is perceived to be less creditworthy, the value of the Fund’s portfolio will typically decline. The Fund’s securities are generally not guaranteed by any governmental agency. Real estate market: property values may fall due to various economic factors. Management and Strategy: the evaluation and selection of the Fund’s investments depend on the judgment of the Fund’s Sub-Advisor about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Collateralized Loan Obligations: subject to interest rate, credit, asset manager, legal, regulatory, limited recourse, liquidity, redemption, and reinvestment risks. COVID-19 Related Market Events: The COVID-19 pandemic has resulted in extreme volatility in the financial markets, and domestic and global economic downturns. It may exacerbate other risks that apply to the Fund. Non-diversification: focus in the securities of fewer issuers, which exposes the Fund to greater market risk than if its assets were diversified among a greater number of issuers. Repurchase agreement: may be subject to market and credit risk. Reverse repurchase agreement: risks of leverage and counterparty risk. Leverage: The use of leverage may magnify the Fund’s gains and losses and make the Fund more volatile. Derivatives: derivative instruments (e.g., short sells, options, futures) involve risks different from direct investment in the underlying assets, including possible losses in excess of amount invested or any gain in portfolio positions. ETF Risk: Investing in an ETF will provide the Fund with exposure to the securities comprising the index on which the ETF is based and will expose the Fund to risks similar to those of investing directly in those securities. LIBOR: Many financial instruments use a floating rate based on the London Interbank Offered Rate (“LIBOR”), which is being phased out. Any effects of the transition away from LIBOR could result in losses.
Before investing you should carefully consider the Bramshill Multi-Strategy Income Fund’s investment objectives, risks, charges, and expenses. This and other information about the Fund is in the prospectus and summary prospectus, a copy of which may be obtained by calling 800-207-7108 or by visiting the Fund’s website at www.libertystreetfunds.com. Please read the Fund’s prospectus or summary prospectus carefully before investing.
The Fund may not be suitable for all investors. We encourage you to consult with appropriate financial professionals before considering an investment in the Fund.
Liberty Street Advisors, Inc. is the advisor to the Fund. The Fund is part of the Liberty Street family of funds within the series of Investment Managers Series Trust.
The Fund is distributed by Foreside Fund Services, LLC.
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