Ex-Caxton Manager Rolls Out Second Fund At AllianceBernstein

Apr 27 2012 | 4:35am ET

AllianceBernstein has launched a U.S. equity hedge fund helmed by a former Caxton Associates money manager.

The Select Absolute Alpha Portfolio is based on the strategy Kurt Feuerman ran for more than a decade at Caxton. He joined Alliance Bernstein a year ago as portfolio manager for U.S. equities.

"Last year was a turbulent one for US equities that created stiff headwinds for active managers, but given the current attractive valuations, we think stocks have the potential to continue to rise," Feuerman told Investment Europe. "Even if we see some slowing economic growth, it does not necessarily mean bad times ahead for stocks."

The new fund is domiciled in Luxembourg. It will have between 60 and 120 names in its portfolio.

Select Absolute's debut follows that in January of Feuerman's Select U.S. Equity Portfolio.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note