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Forward Funds

Forward Long/Short Credit Analysis Fund

>Managed by Cedar Ridge Partners, LLC
Class A

Fund Management
Updated as of:
June 30, 2008
 
 
 
 

Cedar Ridge Partners, LLC

 
SEC-Registered Investment Advisor specializing in the credit markets and credit investing
Hedge fund manager with expertise in fixed income arbitrage strategy
The investment management team has deep experience in the financial industry specifically focused on cross-over credit and municipal debt
 
 

Portfolio Management Team

  Alan Hart, Portfolio Manager
 
Mr. Hart is the Managing Partner and Chief Investment Officer of Cedar Ridge Partners, LLC. Prior to founding Cedar Ridge in March 2004, he was an investment banker for 21 years specializing in municipal bonds and high-yield, structured transactions. From 1996-2004 he was a Managing Director at Bear, Stearns & Co. Inc. From 1986-1996, Mr. Hart was a Vice President and managed the Corporate-Related Group in the Municipal Bond Department at Goldman, Sachs & Co. Prior to joining Goldman Sachs, he spent three years at The First Boston Corporation. He received a BS in business from California State University, Chico and holds an MBA in finance from Columbia University Graduate School of Business.
 
  Guy Benstead, Co-Portfolio Manager
 
  Mr. Benstead is a Partner and Chief Compliance Officer of Cedar Ridge Partners, LLC. He joined Cedar Ridge in March 2005, following an investment banking career that spanned 22 years, with a specific focus on credit risk in the fixed income markets. Prior to joining Cedar Ridge, he spent 14 years at Bear, Stearns & Co. Inc. in San Francisco, as a Managing Director in Institutional Fixed Income. He began his career on Wall Street in 1983 with Drexel Burnham Lambert and spent 7 years with the firm. He received a BA in international relations from the University of California, Davis and holds an MBA in finance from Columbia University Graduate School of Business.
 
  Class: A
Change to: Investor
Change to: Institutional
   
PDF Fund Fact Sheet
Overview
Category: Long/Short
Ticker Symbol: FLSDX
CUSIP: 349913715
Benchmark: Lehman Bros.
U.S. Municipal Index/Lehman Bros. U.S. Corp. High Yield Index
Inception: Dec. 29, 2006
Net Assets: $10.5 Million
Load Fee: 5.75%
Dealer Concession: 5.00%1
Trail: 0.25%2
Gross Expense Ratio: 8.91%
Net Expense Ratio: 1.99%3
Minimum Investment
Initial: $4,000
Initial–eDelivery: $2,000
Initial–Automatic Investment Plan:
$500

1Maximum concession allowed—see the prospectus for more details.

2Additional maximum of 0.20% may be allowable under the Shareholder Services Plan.

3The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expenses until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of the brokerage costs, interest, taxes, dividends and extraordinary expenses) for Class A shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.99%.

 
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