361 Capital Teams With Analytic Investors For L/S Fund

Dec 16 2014 | 11:20am ET

Liquid alternatives specialist 361 Capital has launched a long/short equity mutual fund sub-advised by Los Angeles-based Analytic Investors.

The 361 Global Long/Short Equity Fund employs the same investment strategy as the Analytic Global Long/Short Equity Composite, launched in December 2009. The fund also launched with an existing 11-month track record following the reorganization of the Analytic Global Long/Short Equity Fund, L.P., a limited partnership that has been operating since January 2014.

“Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds with track records,” said Tom Florence, president and CEO of 361 Capital, in a statement. “By partnering with a proven manager like Analytic Investors, we are able to meet a real need in the marketplace.”

Founded in 1970, Analytic Investors is an employee-owned, boutique asset management firm specializing in quantitative investment solutions and portfolio management. The firm has about $10 billion in assets under management.

Analytic Investors employs a low volatility methodology in selecting securities, based on research which shows that over time, stocks with higher betas do not outperform stocks with lower betas. The fund manager will also actively short high beta stocks that they believe will underperform the market.
 
“Sub-advising this Fund for 361 Capital allows us to reach a wider audience of advisors and their clients, beyond the institutional investors we traditionally work with,” added Harin de Silva, president and portfolio manager of Analytic Investors. “Having worked with the 361 management team before, we are confident they will be able to execute on their plan to grow this fund.”

361 Capital said the new fund is the first of a planned series sub-advised by single managers. It follows the launch of two new internally-managed mutual funds, 361 Global Managed Futures Strategy Fund and 361 Global Macro Opportunity Fund, in the last five months.


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