361° Capital this week unveiled its first mutual fund offering, a multi-manager long/short equity fund. The firm's Absolute Alpha Fund includes hedge fund managers and other investment firms that 361° Capital has invested with for many years through its institutional hedge fund of funds portfolios.
The fund will be available to investment advisors and institutions via A shares with a 575 basis point front end load that can also be used in load waived, fee-based accounts. The fund also issues I shares that require a $1 million minimum purchase.
“Advisors are looking beyond hedge funds for more exposure to alternative investments in vehicles that are relatively liquid, transparent, low cost, and without lock-ups,” said Tom Florence, CEO of 361° Capital, in a press release.
361° Capital, an investment management firm focused historically on managing alternative investments for institutions, announced today the launch of its first mutual fund, the 361° Absolute Alpha Fund.
The 361⁰ Absolute Alpha Fund is a multi-manager Long/Short equity fund that is designed with the intent to provide capital appreciation with low volatility and low correlation relative to the broad domestic andforeign equity markets. The 361⁰ Capital Absolute Alpha Fund offers investors access to both high alpha producing external managers and an overlay of historically successful risk management techniques which seek to hedge against downturns in the equity markets.
The fund’s selected managers include hedge fund managers and other investment firms that 361°Capital has invested with for many years through its institutional hedge fund of funds portfolios. “We are very excited to be able to combine our experience and long history of picking high alpha producing managers with our proprietary risk management system in a structure that is available to all investors, not just institutions or individual high net worth investors”, said Tom Florence, CEO of 361° Capital.
The fund will be available to investment advisors and institutions. The fund is available in A shares (symbol AAFAX) with a 5.75% front end load that can also be used in load waived, fee-based accounts. The fund also issues institutional I shares (symbol AAFIX) that require a $1mm minimum purchase. “Advisors are looking beyond hedge funds for more exposure to alternative investments in vehicles that are relatively liquid, transparent, low cost, and without lock-ups,” said Florence.
361° Capital is a Registered Investment Advisor founded in 2001, headquartered in Denver with offices in Seattle. The firm’s goal is to protect and grow wealth by focusing on risk management through Alternative Investing. 361’s portfolios are comprised of ETFs, mutual funds and proprietary fund of funds and are offered through investment advisors and institutions.
Past Performance is not indicative of future results.
You should consider the fund’s investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Fund, call 1-888-736-1227 or visit our website at www.361funds.com : .
Please read the prospectus, or summary prospectus carefully before investing.
The Fund may experience overlapping security transactions, which may lead to higher transaction expenses compared to a Fund using a single investment management style. Investing in ETFs may involve duplication of advisory fees and certain other expenses. In addition, exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Further, the value of the equity securities held by the Fund may fall due to general market and economic conditions. The Fund's performance may also be influenced by political, social and economic factors affecting investments in foreign markets, including exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies. The securities of small cap companies may be subject to more abrupt or erratic market movements; trading may be more erratic or have lower volume than securities of larger companies. Fixed income securities are subject to the risk that securities could lose value because of interest rate, inflation and credit changes. Derivatives can be highly volatile, illiquid and difficult to value, and changes in the value of a derivative held by the Fund may not correlate with the underlying instrument or the Fund's other investments. The Fund may make short sales, which may expose the Fund to the risk that it will be required to "cover" the short position at a time when the underlying instrument has appreciated in value, thus resulting in a loss to the Fund. The use of leverage may further magnify the Fund’s gains or losses.
The 361° Absolute Alpha Fund is distributed by Grand Distribution Services, LLC, 803 W. Michigan Street, Milwaukee, WI, 53233.