Columbia Management Launches Absolute Return Funds

The Columbia Absolute Return Multi-Strategy Fund (CMSAX) targets long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital U.S. Aggregate Bond Index. The Columbia Absolute Return Enhanced Multi-Strategy Fund (CEMAX) targets long-term returns similar to historical returns of equities, but with lower volatility and low correlation to the S&P 500 Index.   

The portfolio managers are Todd White, head of alternatives and absolute return investments at Columbia Management, and Kent Peterson, a senior portfolio manager with the asset allocation team at Columbia Management.  

White joined Columbia Management in 2008 and has 25 years of industry experience including positions at HSBC, as global head of asset-backed and mortgage-backed securities, and at Lehman Brothers. He received a B.S. in finance from Indiana University.   

Peterson joined the firm in 2006 and has 12 years of industry experience. Prior to joining Columbia Management he was with Bridgewater Associates. He earned a B.A. from Cornell University and a Ph.D. from Princeton University.