ETF-Based, Sherwood Forest Long/Short Fund (SFCMX) Launched By Sherwood Forest Capital Management

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April 24, 2009 10:27am ETF BASIC NEWS

etf-news7Effective February 11, 2009, Unique ETF Fund, With About $10 Million AUM, Evolves From Adviser’s Composite With Returns Of 32.03% in 2008, And 41.09% Since Inception 04/01/2007. 

CHARLOTTESVILLE, Va., April 24 /PRNewswire/ — Sherwood Forest Capital Management announced today that effective February 11, 2009, it has launched no-load, Sherwood Forest Long/Short Fund (SFCMX), investing in exchange-traded funds (“ETFs”), both U.S. and overseas. 

In making the announcement, Douglas Stewart, Portfolio Manager, said, “This unique ETF fund commences with some $10 million in assets, which we managed previously as separate accounts for our Firm’s clients.” The previous composite returns (net of fees) were +32.03% for the year ending 12/31/08; and, +41.09% since inception in 04/01/07. 

“Now, with this new mutual fund structure,” Mr. Stewart said, “We have made our ‘proprietary methodologies’ for investing in ETFs more widely available to investors.”

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