Thursday, 26 November 2015
Last updated 1 day ago
Jan 19 2012 | 1:42am ET
Fund of hedge funds 361 Capital has launched another pair of hedge fund-like mutual funds.
The new Long/Short Equity and Managed Futures Strategy funds are built on the Denver-based firm's two existing mutual funds employing alternative strategies, a market-neutral fund and its Absolute Alpha Fund, a mutual fund of hedge funds. The long/short strategy has been used in a separate account portfolio, while the managed futures fund is similar to a counter-trend hedge fund managed by 361.
"Our philosophy begins with the belief that alternative investments have a place in most investment portfolios," 361 CEO Tom Florence said. "Providing access to two more of our proprietary strategies through liquid mutual funds will allow investors and their advisers to utilize alternatives in their asset allocation models."
361 has also rolled out a new quantitative long/short equity index, the 361 Capital Systematic Index. The proprietary model seeks to indentify when to be long or short, using a combination of short- and medium-term trading signals to pinpoint entry and exit points daily.
"Given the nature of our model, the historical returns of the 361 Capital Systematic Index have an extremely low correlation to the general equity markets," Brian Cunningham, chief investment officer, said. "As a result, we believe the index provides investors with an excellent tracking mechanism to a systematic counter-trend equity strategy."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…