13D Activist Fund History

Saturday, December 21, 2024

History

The Fund was founded on December 28, 2011 by Ken Squire, who serves as the Chief Investment Strategist of the 13D Activist Fund. After graduating from New York University School of Law in 1992, Ken practiced corporate and securities law for five years at Weil, Gotshal & Manges. He left the practice of law in 1997 and joined private equity firm Crown Capital Group. After nine years as a private equity investor, in April of 2006, Ken founded 13D Monitor, a subscription-based research company that specializes in 13D filings and shareholder activism.

13D Monitor reviews and analyzes approximately 2,000 13D filings and 4,000 13D amendments each year and writes reports on the material filings. At any given time, 13D Monitor is following between 150 and 200 material activist campaigns. Ken quickly became a leading commentator in this industry, penning “The Activist Spotlight” weekly column in Barron’s since 2007 and regularly appearing on CNBC and Bloomberg TV. Ken also hosts the largest conference dedicated to activism where all of the major activists come to speak. As a result, Ken has developed deep relationships with virtually every major activist investor and speaks with them and others in the activist community on a regular basis. Since its launch in 2006, 13D Monitor has become the preeminent qualitative subscription-based service for the institutional investor community, with clients that include most of the major investment banks and many of the top hedge funds, pension funds, institutional investors and law firms.

With 13D Monitor established as the premier subscription research service for the institutional investor community, Ken began thinking about how he could apply his research and expertise for the benefit of individual investors. He came to three conclusions: (i) shareholder activism has been a successful strategy that has historically outperformed the market, (ii) we know of no way for individuals to invest in activism and (iii) we know of no one else who is as focused on this area like Ken is, given his focus since 2006 on nothing but analyzing 13D filings, developing relationships with the activists and the activist community and becoming deeply familiar with the styles, habits and philosophies of activist investors. So in December of 2011, Ken Squire launched the 13D Activist Fund to give individual and institutional investors access to the strategy of shareholder activism in a low-cost, liquid, transparent investment vehicle.

The information on this site is not intended, nor should it be construed as, investment, tax, or legal advice, or a recommendation, offer or solicitation of an investment. All investors should consider the investment objectives, risks, charges and expenses of the 13D Activist Fund carefully before investing. This and other information about the Fund is contained in the Fund's prospectus and the summary prospectus, which can be obtained on the web at www.13DActivistFund.com or by calling 1-877-413-3228. Read the prospectus carefully before investing.

Past performance is not necessarily indicative of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. There can be no assurance that the Fund will achieve its goals or avoid losses. Information about the Fund, including current month-end performance, is available on the Fund’s website at www.13DActivistFund.com or by calling 1-877-413-3228.

Important Risks: Mutual Fund investing involves risk including loss of principal. Overall stock market risks will affect the value of individual instruments in which the Fund invests. Factors such as economic growth, market conditions, interest rate levels, and political events affect the U.S. securities markets. When the value of the Fund's investments goes down, your investment in the Fund decreases in value and you could lose money. Investments in foreign securities could subject the Fund to greater risks including currency fluctuation, economic conditions, and different governmental and accounting standards. The Fund is a non-diversified investment company, which makes the value of the Fund's shares more susceptible to certain risks than shares of a diversified investment company. The Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer. The value of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. An investor should also consider the Fund's investment objective, charges, expenses, and risk carefully before investing. The adviser’s consideration of ESG factors could cause it to perform differently compared to funds that do not have such a policy and may not produce the desired results.

The foregoing information has not been provided in a fiduciary capacity under ERISA, and it is not intended to be, and should not be considered as, impartial investment advice. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to 13D Management about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.

Analysis and research are provided for informational purposes only, not for trading or investing purposes. All opinions expressed are as of the date of publication and subject to change. 13D Management and its affiliates are not liable for the accuracy, usefulness or availability of any such information or liable for any trading or investing based on such information.

The information and services provided on this web site are intended for persons in the US only.

The 13D Activist Fund is distributed by Foreside Financial Services, LLC, a member of FINRA. 13D Management LLC is not affiliated with Foreside Financial Services LLC.