Arrow Points To Hedge-Like Mutual Fund

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...