Lake Partners LASSO Alternatives Fund  (ALSNX)

Fund Overview

Fund Overview

Share Class


  • N

NAV | as of 09/18/2017

+$0.01 (+0.08%)

Overall Morningstar Rating

Rated against 247 Multialternative funds as of 08/31/2017

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Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 03/03/2010

ALSNX 1.00 3.31 -0.78 2.65 - 2.92
HFRX Equity Hedge Index 3.73 8.07 0.52 3.44 -1.52 0.76

Expense Ratios

  • Gross Expense Ratio: 3.19%
  • Net Expense Ratio: 3.14%
  • Expense Cap Expiration Date: 02/28/2018

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Seeks to provide long-term total return with reduced correlation to the conventional stock and bond markets by investing in mutual funds that use alternative or hedging strategies.

Why Consider

  • May be appropriate for investors looking to complement and further diversify a portfolio’s long only exposure
  • Invests in alternatives, seeking to produce long-term total returns with less volatility than the overall stock market and reduced correlation to conventional asset classes
  • Diversified, multi-strategy, liquid fund-of-funds approach

Fund Managers

Ronald A. Lake

Co-Chairman and President

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Frederick C. Lake


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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2016 $0.049100 $0.049100
      Dec 30, 2015 $0.802100 $0.802100
      Dec 30, 2014 $0.502900 $0.004300 $0.498600
      Dec 30, 2013 $0.134200 $0.089900 $0.044300
      Dec 28, 2012 $0.159600 $0.159600
      Dec 29, 2011 $0.178000 $0.178000
      Dec 30, 2010 $0.143500 $0.077700 $0.065600 $0.000200

Growth of $10,000 (Hypothetical)

Since Inception 03/03/2010 to 08/31/2017 = $12,499.03

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

Quarter Ending: 06/30/2017

Western Asset Macro Opportunities Fund 7.79%
Boston Partners Long / Short Equity Fund 7.57%
Otter Creek Long/Short Opportunity Fund 7.53%
PIMCO Mortgage Opportunities Fund 7.50%
Metropolitan West Unconstrained Bond Fund 7.49%
ProShares Large Cap Core Plus 6.58%
FPA Crescent Fund 5.25%
361 Global Long/Short Equity Fund 5.22%
Calamos Market Neutral Income Fund 4.99%
Kellner Merger Fund 4.99%
% in Top 10 Holdings 64.91%
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Characteristics & Stats


Click below to explore other fund stats and characteristics.


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Strategy Allocation

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Lake Partners LASSO Alternatives Fund

Structured as a fund-of-funds, the Fund seeks long-term total return by investing at least 80% of its assets in open-end investment companies and other investments that use alternative or hedging strategies. Under normal circumstances, the Fund follows a proprietary LASSO Long and Short Strategic Opportunities strategy that utilizes a top-down and bottom-up approach to underlying fund selection seeking to maintain a net equity exposure ranging from 20% to 50% of assets. Top-down analysis includes an assessment of economic trends and market opportunities relative to an evaluation of the Fund’s dynamics and risks. The bottom-up portion adheres to both a qualitative and quantitative analysis considering:

  • Absolute and relative consistency of performance
  • Underlying fund’s management team, investment styles, process, and portfolio characteristics
  • Changes in volatility and correlation over time
  • Transparency of underlying fund's management team and personnel

Keep Calm and Remain Diversified

A short- and long-term review of the power of diversification.
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AMG Funds: A Consultative Partner to Investment Advisors

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About Lake Partners


Lake Partners is an experienced alternatives investor that aims to deliver lower volatility, long-term total returns by investing in mutual funds of alternative strategies.

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Stamford, CT



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