Alts Firm Launches Hedge Fund-Like Mutual Fund For Retail Investors

Apr 29 2010 | 8:58am ET

Alternative assent management firm Equinox Fund Management has launched a hedge fund-like mutual fund aimed at retail investors. 

The new vehicle, the MutualHedge Frontier Legends Fund, provides investors with exposure between 5-7 commodity trading advisors at any given time. The underlying CTA advisors in the fund employ a range of trading strategies and timeframes and trade more than 100 global futures markets without a net long bias. 

“By investing in MutualHedge Frontier Legends Fund, investors can potentially benefit from the diversifying, non-correlated properties of the asset class through a single investment, thereby potentially reducing the downside risk of their total portfolio,” said Bob Enck, president and CEO of the Denver-based firm. 

The MutualHedge Fund is the first in a planned series of investment products to be launched under the MutualHedge brand. According to the firm, each product will build on the core concept of providing access to institutional-quality alternative asset strategies with low minimums and daily liquidity. 

The new fund is being managed by Richard Bornhoft, chief investment officer of Equinox.  Bornhoft has more than 25 years of experience in creating and monitoring alternative investment portfolios for institutional and individual investors. Over the course of his career, Bornhoft has allocated more than $1.9 billion in assets to CTAs. 

MutualHedge provides daily liquidity with a 30-day, 1% redemption fee.  The initial minimum investment is $2,500.  The fund is currently available through Charles Schwab, Fidelity, Stifel Nicholas, TD Ameritrade, and LPL Financial investment platforms.


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