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: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...