Sunday, 29 November 2015
Last updated 1 day ago
Mar 26 2008 | 12:13pm ET
Rydex Investments has launched the Alternative Strategies Allocation Fund to bolster its portfolio of hedge fund strategies. The fund of hedge funds made its debut on March 7 and is currently managing some $3.7 million in assets.
The fund invests in a diversified portfolio of hedge funds and futures funds spanning the universe of absolute return, commodities, currency arbitrage, global macro, managed futures and real estate strategies, according to the firm. Investors in the new offering may also be exposed to exchange-traded notes, individual securities and money market instruments in volatile market conditions.
Rockville, Md.-based Rydex uses a quantitative investment methodology with input from current market data to allocate the fund’s assets across its underlying managers.
Rydex is headed by Mike Byrum, chief investment officer, Michael Dellapa, director of alternative investment strategies, Ryan Harder, senior portfolio manager, and Douglas Holmes, director of stock selection and asset allocation. Rydex was founded in 1993 and manages more than $16 billion in assets via more than 80 mutual funds and exchange-traded products.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…