Forward Management Launches Hedge Fund-Like Mutual Fund

Sep 14 2009 | 12:20pm ET

San Francisco-based Forward Management has launched a new mutual fund that employs hedge fund strategies. 

The new vehicle, the Forward Tactical Growth Fund, aims to capitalize on market inefficiencies while actively managing downside volatility. According to a statement from the firm, “it allows investors access to a long/short tactical strategy that strives to participate in the upside of the market while limiting the downside.”

The Forward Tactical Growth Fund is available in investor, institutional and C share classes and is sub-advised by the investment team at Broadmark Asset Management. Broadmark has also partnered with Forward to offer a similar strategy for Forward in separately managed accounts.

“We have found a partner whose track record over the past six years offered compelling performance while helping to limit the downside,” said J. Alan Reid, CEO of Forward. “We are excited to bring mutual fund investors access to a tactical strategy of this caliber.”

The new fund will invest primarily in ETFs and futures, while using Broadmark’s proprietary, multi-factor process to identify investment opportunities over time. The fund may use leveraged investment techniques as well as short positions on target securities which allow the fund a net exposure which can range from 120% net long to 100% net short in its portfolio.

“We are seeing advisors migrate to products that manage risk and enhance alpha by having the flexibility to be long, short or neutral on the market. We believe the Forward Tactical Growth Fund offers a unique solution for investors seeking tactical equity exposure,” said Jeff Cusack, president of Forward Management.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

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

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.