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Products February 7, 2011
Investment Manager Releases Long/Short Fund
361° Capital, an investment management firm focused on
managing alternative investments for institutions, has launched its
first mutual fund, the 361° Absolute Alpha Fund.
Reported by Fred Schneyer
The 361⁰ Absolute Alpha Fund is a multi-manager Long/Short equity fund that is designed to provide capital appreciation with low volatility and low correlation relative to the broad domestic and foreign equity markets, the company reports. The 361⁰ Capital Absolute Alpha Fund offers investors access to both high alpha producing external managers and an overlay of historically successful risk management techniques, which seek to hedge against downturns in the equity markets.
According to the company, the fund’s selected managers include hedge fund managers and other investment firms that 361°Capital has invested with for many years through its institutional hedge fund of funds portfolios.
The fund will be available to investment advisers and institutions. The fund is available in A shares (symbol AAFAX) with a 5.75% front end load that can also be used in load waived, fee-based accounts. The fund also issues institutional I shares (symbol AAFIX) that require a $1 million minimum purchase.