361 Rolls Out Long/Short, Managed Futures Mutual Funds

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."


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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