Hartford Launches Global Long/Short Equity Fund

Sep 3 2014 | 12:31pm ET

Radnor, Penn-based Hartford Funds has launched a liquid alternative long/short fund sub-advised by Wellington Management.

Wellington Management’s Kenneth L. Abrams (SVP and equity portfolio manager) and Donald S. Tunnell (VP and co-director of quantitative investments) serve as portfolio managers of the Long/Short Global Equity Fund.

The new fund invests primarily in global small-cap equity and equity-related securities—an asset class Hartford believes is under-researched—to seek long-term capital appreciation while employing hedging and diversification strategies designed to provide lower volatility than the global equity markets.

“Investors today are more risk-aware than ever before and seek strategies that provide growth opportunities and reduced volatility,” said Vernon Meyer, Hartford CIO. “Specifically, many investors are looking for the type of growth associated with high-performing equities without the overall equity market’s level of volatility. The Long/Short Global Equity Fund may provide a more sophisticated solution for investors, with the potential for attractive risk adjusted returns as well as transparency and liquidity.”

Founded in 1996, Hartford Funds has total assets under management of $74.3 billion as of June 30, 2014 (excluding assets used in certain annuity products). Hartford Funds are sub-advised by Wellington Management.

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