Highland, Anchor Offer Multi-Strat. Long/Short Fund

Nov 1 2011 | 7:06pm ET

Highland Capital Management's retail fund division has launched a long/short product managed by hedge fund Anchor Capital Management.

Highland Funds' new Alpha Trend Strategies Fund seeks "more consistently positive returns" employing an international long/short approach, the company said in a press release. Anchor will use two strategies, rotating in and out of regional and country-specific exchange-traded funds while also investing—both long and short—in broad market stock indices.

"Global equity markets have become more correlated, increasing the need for a multi-strategy, long/short approach to international investing," Eric Leake, Anchor's chief investment officer and co-manager of the new fund, said. "With our focus on exploiting a variety of short-, intermediate- and long-term trends, we believe this is an ideal environment for a global long/short equity strategy."

"In a volatile global market, the addition of Anchor Capital's strategy provides investors with a new international option," Highland Funds president Joe Dougherty said.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...