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Turner Funds Launches 130/30 Fund
August 1, 2008
The Turner Funds announced today that it is offering its first 130/30 mutual fund, a no-load stock fund that uses a long/short strategy.
The Turner Core Growth 130/30 Fund invests primarily in companies with medium to large market capitalizations across all major market sectors, employing fundamental, technical and quantitative analysis. It will typically hold 60 to 80 stocks in long positions and 25 to 35 in shorts and is benchmarked against the Russell 1000 Growth Index.
Robert Turner, chairman and chief investment officer of Berwyn, Pa.-based Turner Investment Partners, is the fund’s lead portfolio manager.
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