Litman Gregory Fund Advisors, an affiliate of fee-only investment advisory firm Litman Gregory Asset Management, has launched the Litman Gregory Masters Alternative Strategies Fund fund, a no-load, multi-strategy alternative mutual fund.

The fund comprises four distinct strategies including: absolute-return fixed-income (Matt Eagan, Kevin Kearns, Todd Vandam of Loomis Sayles); opportunistic income (Jeffrey Gundlach); contrarian opportunity (Steven Romick, Brian Selmo, Mark Landecker); arbitrage: (John Orrico, Todd Munn, Roger Foltynowicz, Gregg Loprete).

"Litman Gregory Masters Alternative Strategies Fund blends what in our view are four exceptionally talented managers who have highly specialized, complementary approaches," stated CIO Jeremy DeGroot.  "Since the fund managers' investment results are not driven by the same risk factors, the portfolio should benefit further from this diversification."

Barrons also covered the fund's launch.

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Litman Gregory Launches Alternative Strategies Fund

Fund Combines Complementary Alternative Strategies of Four Veteran Managers

Larkspur, CA, September 30, 2011 -- Litman Gregory Fund Advisors, an affiliate of fee-only investment advisory firm Litman Gregory Asset Management, today announced the launch of Litman Gregory Masters Alternative Strategies Fund (MASFX, MASNX), a no-load, multi-strategy mutual fund that offers investors diversified exposure to alternative and absolute return-oriented strategies.

The fund comprises four distinct strategies that draw on the specialized expertise of four managers: Absolute-Return Fixed-Income: Matt Eagan, Kevin Kearns, Todd Vandam, Loomis Sayles Opportunistic Income: Jeffrey Gundlach, Doubleline Capital Contrarian Opportunity: Steven Romick, Brian Selmo, Mark Landecker, FPA Arbitrage: John Orrico, Todd Munn, Roger Foltynowicz, Gregg Loprete, Water Island Capital Manager allocations will typically be equally weighted, but Litman Gregory may at times choose to tactically alter managers' allocations to take advantage of compelling opportunities within a specific strategy or to further manage risk.

"Litman Gregory Masters Alternative Strategies Fund blends what in our view are four exceptionally talented managers who have highly specialized, complementary approaches," said Chief Investment Officer Jeremy DeGroot.  "Our extensive due diligence process has given us a deep understanding of how these managers can add value as well as a high degree of confidence in their abilities.  We created the fund to offer all investors what we feel is a unique risk-averse investment vehicle that can produce income and capital appreciation, with a strong focus on capital preservation.  Since the fund managers' investment results are not driven by the same risk factors, the portfolio should benefit further from this diversification. Moreover, our multi-manager structure allows us to maintain the fund’s risk-management objectives while providing the managers significant flexibility to pursue higher long term returns." 

Edited by: Hung Tran


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