Rydex SGI Adds More Hedge-Like Mutual Funds

Jul 14 2010 | 11:51am ET

Rydex SGI has launched a quartet of hedge fund-like mutual funds, adding to its lineup of mutual funds following alternative investment strategies.

The new funds offer retail investors access to event-driven and distressed, long/short interest rate, long/short equity and alternative strategies.

“Investors are increasingly demanding accessible alternative investment exposures to help them diversify their investment portfolios and provide improved risk/return characteristics," Richard Goldman, CEO of Rydex SGI, said. "Today's launch continues Rydex SGI's tradition of bringing institutional-style investments such as managed futures and long/short commodities mainstream.”

The new launches add to the eight existing mutual funds and nine exchange-traded funds focused on alternative strategies already offered by Rydex SGI.

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