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Thursday, December 12, 2013

Multi-Hedger Mutual Funds Catch WSJ's Eye

News summary by MFWire's editors

Fundsters with mutual funds investing in multiple hedge-fund-eque strategies, the Wall Street Journal's looking at you.

Corrie Driebusch writes on the rise of multi-strategy alternative mutual funds, noting that their fees, though high compared to other mutual funds, are "far lower than fees charged by funds of hedge funds."

The article highlights the new Franklin K2 Alternative Strategies Fund [profile], the Hatteras Alpha Hedged Strategies Fund [profile], the Neuberger Berman Absolute Return Multi-Manager Fund [profile] and the Palmer Square Absolute Return Fund [profile]. Neuberger managing director David Kupperman, Beverly Hills Wealth Management principal Mark McComsey, and Hatteras alt funds chief investment officer Bob Murphy all weighed in for the article. 

Edited by: Neil Anderson, Managing Editor

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