Fund News

Principal Launches Multi-Manager Long/Short Fund

Principal Launches Multi-Manager Long Short Fund

The company formerly known as Principal Financial Group has a new name and a new logo. Now known simply as “Principal,” the firm may have slimmed down its moniker and updated its logo, but it continues to operate the Principal Global Opportunities Equity Hedged Fund (MUTF:PGOHX), which DailyAlts looked at, pre-launch, in July 2015; and the ... [read more]

Highland Liquidates Trio of Hedge Fund Beta ETFs

Highland Liquidates Trio of Hedge Fund Beta ETFs

When Highland Capital Management launched a trio of “hedge fund beta” ETFs in May 2015, the three funds were supposed to be the first in a series that would include 14 more. But on April 11, 2016, less than a year after their initial launch, Highland liquidated all three:Highland HFR Global ETF (HHFR) Highland HFR Event Driven ETF ... [read more]

Calamos Launches Single Manager Global Long/Short Fund

Calamos Launches Single Manager Global Long-Short Fund

While not new to the liquid alternatives market, Calamos is in the market with a new long/short fund that is an outgrowth of its September 2015 acquisition of Phineus Partners, a San Francisco-based global long/short manager founded in 2002 by Michael Grant. The Calamos Phineus Long/Short Fund (MUTF:CPLSX), debuted on April 5 and is a globally ... [read more]

Catalyst Converts Fifth Hedge Fund to Mutual Fund

Catalyst Converts Fifth Hedge Fund to Mutual Fund

One of the defining trends of the modern investment industry is the “democratization” of alternative investments. Catalyst Funds, which has 27 retail products designed to produce returns while controlling risk, is a leader in the field, and the firm has further bolstered its position with the launch of its fifth converted hedge fund: the ... [read more]

John Hancock and Standard Life Launch Third Multi-Asset Fund

John Hancock and Standard Life Launch Third Multi-Asset Fund

John Hancock Investments has already had ample success with sub-advisor Standard Life Investments (“SLI”). The Edinburgh, Scotland-based SLI is the sub-advisor of the John Hancock Global Absolute Return Strategy Fund (MUTF:JHAIX), which had the most asset inflows of any multialternative fund for the year ending March 31, adding $3.5 billion for a ... [read more]

361 and Analytic Investors Partner for Second Fund Launch

361 and Analytic Investors Partner for Second Fund Launch

Seizing on its success with a global long/short equity fund, 361 Capital launched the 361 Domestic Long/Short Equity Fund (MUTF:ADMZX) on March 31. The fund is a U.S.-only version of the popular 361 Global Long/Short Equity Fund (MUTF:AGAZX), which launched in January 2014, and like its predecessor, the new fund is also sub-advised by Analytic ... [read more]

Value Line to Acquire Multi-Alternative Fund from Alpha Capital

Value Line to Acquire Multi-Alternative Fund from Alpha Capital

Further consolidation within the multi-alternative fund category is under way. On April 1, Value Line Funds filed paperwork with the Securities and Exchange Commission (“SEC”) announcing its intent to acquire the Alpha Defensive Alternatives Fund (MUTF:ACDEX) from Alpha Capital Management. If the deal is ultimately closed, it would represent Value ... [read more]

Four Long/Short Equity Funds Debut In March

Four Long:Short Equity Funds Debut In March

Despite nearly $5 billion of outflows from the category over the past year, long/short equity managers remain bullish on the category and the investment strategy. This is evidenced by the launch of four new long/short equity funds in March, all of which made their debut on March 31, the final day of Q1:Principal Multi-Manager Equity Long/Short ... [read more]

Fidelity Delivers One-Two Punch to Blackstone and Arden

Fidelity Delivers One-Two Punch to Blackstone and Arden

The mutual fund giant Fidelity Investments has reversed course on its strategic allocation to two custom alternative mutual funds, one created by Blackstone and the other by Arden Asset Management (now part of Aberdeen Asset Management). Both Blackstone and Arden are well respected alternative asset managers, and both manage large, diversified ... [read more]

RidgeWorth and Capital Innovations Partner on Real Assets Fund

RidgeWorth and Capital Innovations Partner on Real Assets Fund

Sophisticated investors are showing an increased appetite for real assets, including natural resources and infrastructure investments, in addition to the more common real estate. Real assets, including real estate in many of its forms, have been notoriously difficult for individual investors to access, but that is changing as part of the general ... [read more]