Kamunting Street Capital Management Exits Position in First Trust High Income Long/short Fund (FSD)

First Trust High Income Long/short Fund (FSD) : Kamunting Street Capital Management has sold out all of its stake in First Trust High Income Long/short Fund during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 12,500 shares of First Trust High Income Long/short Fund which is valued at $193,750.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in FSD in the latest quarter, The investment management firm added 31,847 additional shares and now holds a total of 79,614 shares of First Trust High Income Long/short Fund which is valued at $1,234,017.Raymond James Financial Services Advisors boosted its stake in FSD in the latest quarter, The investment management firm added 21,936 additional shares and now holds a total of 95,997 shares of First Trust High Income Long/short Fund which is valued at $1,487,954. First Trust High Income Long/short Fund makes up approx 0.01% of Raymond James Financial Services Advisors’s portfolio.Blackrock Advisors boosted its stake in FSD in the latest quarter, The investment management firm added 1,114 additional shares and now holds a total of 96,344 shares of First Trust High Income Long/short Fund which is valued at $1,493,332.Rmb Capital Management boosted its stake in FSD in the latest quarter, The investment management firm added 178,912 additional shares and now holds a total of 223,322 shares of First Trust High Income Long/short Fund which is valued at $3,419,060. First Trust High Income Long/short Fund makes up approx 0.23% of Rmb Capital Management’s portfolio.

First Trust High Income Long/Short Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund will seek to achieve its investment objectives by investing under normal market conditions a majority of its assets in a diversified portfolio of U.S. and foreign (including emerging markets) high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase. Corporate fixed-income securities include corporate bonds debentures notes commercial paper and other similar types of corporate debt instruments including instruments issued by corporations with direct or indirect government ownership as well as asset-backed securities preferred shares loan participations and assignments and payment-in-kind securities. MacKay Shields LLC (MacKay) is a sub-advisor to the Fund.

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