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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.