May. 5 at 3:43 PM
$XFLT CHICAGO , May 05, 2026 (GLOBE NEWSWIRE) -- XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced that it will become investment adviser to the Evanston Multi-Alpha Fund (the “Fund”), a
$91 million closed-end tender offer fund. The new advisory and sub-advisory agreements for XAI and Evanston Capital Management, LLC (“Evanston Capital” or “Evanston”), respectively, are subject to board and Fund shareholder approvals. Evanston currently manages
$4.4 billion in hedge fund products for endowments, foundations, public plans, and family offices.
“The partnership with Evanston reflects our continued commitment to expanding investor access to institutional-caliber alternative investment strategies,” said Kimberly Flynn , president of XAI . “Evanston Capital has managed multi-strategy hedge fund investments for nearly 25 years and is an ideal partner for XAI ...