MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 18, 2009 Leuthold Exhibits Latest Fund Pair Leuthold Weeden Capital Management held a conference call Friday for registered investment advisors, to discuss two recently released funds. The Leuthold Hedged Equity Fund and the Leuthold Global Clean Technology Fund both launched July 22nd. The Hedged Equity Fund employs a long/short strategy, achieved through a combination of Leuthold's Grizzly Short Fund and Select Industries Fund. Matt Pashke, co-manager of Hedged Equity, explained: "It's not a new strategy, but our clients have asked us for a long time to roll out something like this." The Global Clean Technology Fund will be available in a retail and an institutional class. "We're very, very excited to introduce this product," said Eric Bjorgen, who will manage the fund alongside Steve Leuthold, chief executive officer and founder of Leuthold Weeden. "We believe there is a major confluence of events and factors will bring about increased demand and spending for products from clean tech. firms." These events include President Obama's plan to invest $150 billion in clean energy over the next ten years, increased resource demands, energy source technology, and a predicted population boom. "There's a huge demand for energy, oil, etc," remarked Bjorgen. "The fact the the price of oil is going up is a gift. A lot of these technologies are viable at $60 [per barrel], so imagine what they stand to gain at $90 or $100." Oil is currently selling at $70 per barrel, and Bjorgen expects that price to rise tremendously over time. Located in Minneapolis, MN, Leuthold has a total of nine mutual funds, most coming in both retail and institutional classes. Their funds are distributed by Rafferty Capital Markets. Printed from: MFWire.com/story.asp?s=22663 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |