The alternative investment firm launched the fund on July 1. The Evanston Alternative Opportunities Fund is a closed-end, non-exchange listed investment registered under Investment Company Act of 1940. Shares of the fund, however, are registered under the Securities Act of 1933. The fund is available to U.S. accredited investors, including Employee Retirement Income Security Act (ERISA) accounts, and has an initial minimum investment of $50,000. The fund offers Form 1099 tax reporting.

Evanston Capital Management has historically offered private funds-of-hedge-funds available solely to qualified purchasers. The new fund is intended to complement these private vehicles and has a similar strategy to Evanston Capital Management’s flagship fund-of-hedge-funds that was launched in 2002.

The fund seeks attractive long-term risk adjusted returns and seeks to achieve its objective by investing all its assets in underlying hedge funds, many of which seek to achieve their investment objectives with minimal correlation to traditional equity or fixed-income indices. As of July 1, the fund has exposure to the following strategies: long/short equity, relative value, event driven, and global asset allocation.

“We’ve received many requests over the years for funds accessible to a wider range of investors,” says Adam Blitz, CEO of Evanston Capital Management, located in Evanston, Illinois. “We are very pleased to launch the Evanston Alternative Opportunities Fund and to offer Evanston Capital Management’s first registered version of our fund-of-hedge-fund strategies to accredited investors. As with our private offerings, we will apply our extensive experience in hedge fund selection, portfolio construction, operations and risk management as we strive to realize attractive long-term risk-adjusted returns for the fund’s investors.”

For details about the fund, or to request a prospectus, contact Carl Gargula at 847-328-4961.

More information about Evanston Capital Management can be found at http://www.evanstoncap.com.