Schooner Investment Group has signed a deal with Wisconsin-based Nakoma Capital Management to acquire its mutual fund, MutualFundWire reports. Under the deal, the Nakoma Absolute Return Fund will be reorganized into the Schooner Global Absolute Return Fund. The reorganization will be carried out in November. The Nakoma fund has $22.4 million of assets, while Schooner presently operates one fund the $49.6 million Schooner Fund, rolled out in 2008.

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