Saturday, 27 December 2014
Last updated 2 days ago
Nov 6 2007 | 12:43pm ET
The latest offering from mutual fund firm Arrow Funds is an alternative to hedge funds.
The Arrow Alternative Solutions Fund, the second mutual fund from the Olney, Md.-based firm, utilizes three long/short strategies, according to the firm: hedge equity, fixed-income arbitrage and managed futures. William Flaig, the firm’s new chief investment officer, is the portfolio manager of the new vehicle.
“The unique design of the Arrow Alternative Solutions Fund allows for low correlations to traditional assets with greater diversification, a risk target and controls, using passive investment strategies at a lower cost than most long/short products,” Flaig said. “It’s the best of the mutual fund and hedge fund worlds.”
Flaig joined Arrow from Rydex Investments, where he was a member of the team that developed the firm’s hedge fund replication strategies.
The Alternative Solutions fund is targeting a 10% or better annual return, with a 7% risk target. There is a minimum initial investment requirement of $5,000, or $2,000 for retirement accounts.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.