A 16-year-old tactical asset manager just entered the mutual fund business, and it already has $1 billion in mutual fund AUM.
Egg Harbor Township, New Jersey-based Hanlon Investment Management launched the Hanlon Managed Income Fund and the Hanlon Tactical Dividend and Momentum Fund. Sean Hanlon, CEO of his eponymous shop, confirms that part of the rapid growth of the two new funds comes from his team their advisory clients in the same strategies out of the SMAs and into the new funds.
Hanlon teamed up with Gemini Fund Services to launch the funds, and he aims to launch more soon.
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