Driehaus Releases Active Income Fund

Investment adviser Driehaus Capital Management now offers the Driehaus Active Income Fund (Ticker LCMAX), an absolute return mutual fund.

With the fund, Driehaus is targeting institutional and high-net-worth investors looking for an absolute return alternative to core and core plus strategies.

The fund is broadly diversified and seeks to provide current income and capital appreciation by investing primarily in U.S. fixed income and floating rate securities, of both investment and non-investment grade credit quality, and by engaging in a variety of short-term trading strategies, the company said in a press release. The fund pursues relative value and outright long and short investment opportunities across a variety of credit instruments and seeks to provide superior returns to a long only core bond allocation, with equal or less volatility.

The fund is managed by an investment team led by K.C. Nelson, portfolio manager and Mirsada Durakovic, assistant portfolio manager.

According to the announcement, assets in the fund exceed $800 million, making it one of the largest in the absolute return category.

For more information, visit www.driehaus.com .