Sunday, 21 December 2014
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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.