Denver-based fund of hedge funds 361 Capital is launching the first in a series of single-manager liquid-alternative mutual funds.
The 361 Global Macro Opportunity Fund—which should begin operations by July 1—will be run by 361's Blaine Rollins, a Janus Capital vet, and will invest in a wide range of asset classes that provide exposure principally to U.S. and foreign equity securities, fixed income securities, commodities and currencies.
The first launch will be followed by those of other '40 Act vehicles sub-advised by hedge fund managers and managers of alternative mutual funds. Distribution will be carried out through a hybrid strategy that mixes marketing automation, technology and a strong sales force—primarily registered investment advisors.
“With the growth of liquid alternatives that is expected over the next five years, particularly among hedge funds looking to enter the ’40 Act space, we believe there is an opportunity to expand our fund offerings,” said Tom Florence, CEO of 361 Capital, in a statement. “We believe we are well positioned to take advantage of that opportunity because of our track record with the 361 Managed Futures Strategy Fund, a counter-trend strategy, and our success raising money through financial advisors.”
Founded in 2001, 361 Capital specializes in managed futures, long/short equity, multi-strategy, and global macro strategies accessible through mutual funds, limited partnerships, and separate accounts.