Creststreet caps alternative energy fund

Date: Tuesday, January 27, 2009
Author: Advisor.ca

Creststreet Mutual Funds has announced the closing of the Creststreet Alternative Energy Fund to new investors, capping the fund at $75 million in assets. The fund currently manages only $24 million in assets.

At the same time, the company is rolling out two new series of fund units in addition to its existing A series. The new B series will pay a negotiable front load commission of between 0% and 5% and an annual trailer fee of 1.0%. The new F series will pay no commission or trailer fees.