Monday, 4 May 2015
Last updated 42 min ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…