Thursday, March 17, 2011
A Janus PM Joins the Dark Side
Reported by Hung Tran
A mutual fund PM has joined the dark side. Alternatives shop 361° Capital
today said that Blaine Rollins
has joined the firm as managing director, senior portfolio manager and member of the investment committee.
As a member of the investment committee, Rollins will play a significant role in the managing of all portfolios but will have a particular focus on the firm’s first mutual fund, the 361° Absolute Alpha Fund
, which is a multi-manager long/short equity fund, according to the firm
Previously, Rollins was an executive vice president and portfolio manager with Janus Capital
and was responsible for managing several mutual funds including the Janus Fund and the Janus Balanced Fund.
Former Janus Fund Manager, Blaine Rollins, Joins 361° Capital
March 17, 2011 09:03 AM Eastern Daylight Time
DENVER--(EON: Enhanced Online News)--Alternatives investment manager 361° Capital announced today that Blaine Rollins, CFA has joined the firm as managing director, senior portfolio manager and member of the Investment Committee.
“In addition to his extensive portfolio management experience, Blaine brings an array of capabilities that align exceptionally well with our investment approach”
.As a member of the Investment Committee, Mr. Rollins will play a significant role in the managing of all portfolios but will have a particular focus on the firm’s first mutual fund, the 361° Absolute Alpha Fund. The 361° 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 and foreign equity markets. The fund is available in A shares (symbol AAFAX) that can be load waived for fee-based accounts and institutional I shares (symbol AAFIX) that require a $1 million minimum purchase.
“In addition to his extensive portfolio management experience, Blaine brings an array of capabilities that align exceptionally well with our investment approach” said Tom Florence, CEO. “He is an accomplished portfolio manager and has proven capabilities in quantitative research, hedging, and trading strategies. He will be a great addition to our team.”
Previously, Rollins was an executive vice president and portfolio manager with Janus Capital and was responsible for managing several mutual funds including the Janus Fund and the Janus Balanced Fund. “I am very excited to join 361° Capital,” said Rollins. “They are a very smart group of people and on the leading edge of alternative investing and research.”
361° Capital is a Registered Investment Advisor founded in 2001, headquartered in Denver, Colorado. 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 to high net worth individuals, investment advisors, and institutions.
Past Performance is not indicative of future results.
You should consider the 361° Absolute Alpha 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.
Tom Florence, 303-224-3910
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