Newly formed Global Chartist invests in equity securities, ETFs

By Toni Weeks

San Diego, Oct. 19 - Global Chartist Fund, LLC has registered under the Investment Company Act of 1940 as a non-diversified closed-end management investment company, according to a form N-2 filed Tuesday with the Securities and Exchange Commission.

The fund seeks maximum capital appreciation by investing primarily in equity securities of U.S. and non-U.S. issuers, shares of exchange-traded funds, commodity-linked investments, foreign currency and derivatives, including futures, options and swaps, and will typically hold 70 to 100 investment positions.

Investors may be charged a placement fee of up to 3% of the offering price, or up to 3.1% of the amounts invested. Some types of investors will not incur placement fees. There is also a management fee of 2% of the fund's net assets.

Advantage Advisers Multi-Manager, LLC is the fund's investment adviser. Co-portfolio managers are Carter Braxton Worth and Bryan Franco. Oppenheimer, a subsidiary of Oppenheimer Holdings, Inc., will be the non-exclusive placement agent.

The fund's principal office is located in New York.

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