Fund News

American Century Creates New Long-Short Fund

American Century Long-Short Fund

As many would suggest, the writing is on the wall - add value or get out of the way. The indexing train is on the tracks and running full steam ahead, obliterating any high-fee, benchmark hugging active manager that isn't earning its stripes. And right behind that train, just in case the first one didn't pulverize you, is the smart beta train. ... [read more]

2 New Alternative ETFs Seek Absolute Returns In Any Market

Alternative ETFs Seek Absolute Returns In Any Market

The premise of positive returns in any market is an alluring proposition for risk adverse investors.  These types of alternative strategies were once the realm of sophisticated hedge funds and institutional portfolios.  However, they are now starting to make their way into the accounts of mainstream investors via exchange-traded funds ... [read more]

Legg Mason Launches Total Return Focused Real Estate Fund

Legg Mason Launches Total Return Focused Real Estate Fund

The ClearBridge Real Estate Opportunities Fund (CREOX) launched early last month as a result of a merger with an existing closed-end fund. The new fund is managed by Legg Mason with sub-advisory services provided by its wholly owned subsidiaries ClearBridge and Western Asset Management Company, with an investment objective of total ... [read more]

ALPS and RiverFront Partner to Launch Nontraditional Bond ETF

ALPS and RiverFront Partner to Launch Nontraditional Bond ETF

The first nine days of June saw no launches of new alternative mutual funds or ETFs, but on June 10, a pair of new liquid alts debuted. One of them was the RiverFront Unconstrained Income ETF (NYSEARCA:RFUN), which Morningstar categorizes as a “nontraditional bond fund.” Total Return Focus Total return, with an emphasis on income as the source, ... [read more]

First Trust Launches Long-Short Commodities ETF

First Trust Launches Long-Short Commodities ETF

The First Trust Global Tactical Strategy ETF (NASDAQ:FTGC) launched in October 2013, and the time since launching has been tough for commodities. Case in point: The fund’s one-year returns through April 30, 2016 stood at -14.69%, but that was still good enough to rank in the top 18% of its Morningstar category. Commodities turned the corner in ... [read more]

AC Alternatives Launches Multi-Manager Long-Short Equity Fund

AC Alternatives Launches Multi-Manger Long-Short Equity Fund

American Century Investments is continuing to build out its liquid alternative capabilities. Last July, the firm launched the Perella Weinberg-subadvised AC Alternatives Income Fund (MUTF:ALNNX); and on May 25, it debuted the AC Alternatives Long Short Fund (MUTF:ALEVX), also subadvised by Perella Weinberg. American Century’s entire suite of ... [read more]

American Beacon Teams with Man GLG for Total Return Fund

American Beacon Teams with Man GLG for Total Return Fund

For a second time, American Beacon has combined with Man Group to launch an alternative mutual fund. The new fund is the first offering from Man GLG’s recently hired Head of Emerging Market Debt Strategies, Guillermo Osses. The new American Beacon GLG Total Return Fund (MUTF:GLGAX), launched on May 20, is sub-advised by Man GLG, whereas the ... [read more]

William Blair and Tocqueville Liquidate Multialternative Funds

William Blair and Tocqueville Liquidate Multialternative Funds

While investor demand for exposure to a diverse array of alternative strategies and managers is ever increasing, and new funds are being launched to capitalize on this demand, some firms are liquidating their multialternative funds. Case in point: William Blair and Tocqueville each shuttered multialternative funds in mid-May. The funds in question ... [read more]

Virtus Shutters Trio of Alternative Mutual Funds

Virtus Shutters Trio of Alternative Mutual Funds

Even as some asset managers continue to expand their alternative platforms, others are cutting back or even pulling the plug entirely. Virtus Investment Partners, which launched a trio of alternative mutual funds with Cliffwater LLC back in April 2014, recently liquidated all three. Those funds were: Virtus Alternative Total Solution Fund ... [read more]

CMG Capital Launches Multi-Asset Tactical Fund

CMG Capital Launches Multi-Asset Tactical Fund

CMG Capital Management launched its third alternative mutual fund on the final business day of April: the CMG Tactical All Asset Strategy Fund (MUTF:CMGQX). The new fund uses a model-driven investment process that evaluates a global universe of ETFs across multiple asset classes. The model ranks each potential ETF with proprietary relative strength ... [read more]