New Mutual Fund Aims For Absolute Returns

Guerite Advisors has launched a no-load mutual fund that aims to provide many of the benefits of a hedge fund. The new vehicle, The Guerite Absolute Return Fund, began offering shares on Dec. 26.
 
“The Guerite Absolute Return Fund’s strategy uses several components that are unique, or that would not be easily replicable by investors on their own," said Hugh Moore, partner of Guerite Advisors and co-portfolio manager of the fund.