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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note