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, March 18, 2011 The WSJ Uncovers a 'Democratic' Hedge-Like Mutual Fund The Wall street Journal has uncovered a diversified alternative mutual fund that aims to introduce esoteric strategies familiar with the hedge fund crowd. The Frost Diversified Strategies Fund reportedly employs statistical arbitrage, long-short equity investing and global macro strategiies, while also bettting on exchange-traded products in the stock and bond markets, plus up to 10 percent in cash equivalents. Tom Stringfellow, president of Frost Investment Advisors [see profile], dubbed the strategy as a "Democratization of the hedge fund". The nascent offering, which made its debut in January, has reportedly gathered $14.5 million in assets. It charges a 200 basis points expense ratio and a 575 bps maximum sales charge. It currently counts Natixis Funds ASG Global Alternatives Fund and the IQ Hedge Multi-Strategy Tracker exchange-traded fund as top holdings in its portfolio. Printed from: MFWire.com/story.asp?s=36297 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |