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 |
|
Monday, August 3, 2009 Natixis Serves Up Another Hedge-Like Mutual Fund The latest in a spate of hedge-fund-like mutual funds has hit the shelves. Natixis revealed Monday that it launched a multi-strategy, absolute return fund managed by the AlphaSimplex Group, which Natixis acquired in 2007. A shares of the Natixis ASG Diversifying Strategies Fund come with an expense ratio of 174 basis points, while C shares sport a 249 basis point expense ratio.
Natixis executives are pitching the product as the first mutual fund designed manage a minimal or negative long-term correlation with the S&P 500. This is the second mutual fund from AlphaSimplex, which in October last year launched the Natixis ASG Global Alternatives Fund based on a hedge fund industry beta replication strategy. "The latest ASG fund is a result of our innovative approach to mutual fund development,” said Natixis Global Asset Management president and CEO John Hailer. The launch coincided with a Wall Street Journal article that took a look at the broadening field of hedge-like mutual fund strategies. Dr. Andrew Lo, who is ASG's chief investment strategist, was quoted in the article. "Part of hedge-fund returns come from investing in illiquid securities," Lo noted. "But we can replicate the liquid portion." Printed from: MFWire.com/story.asp?s=22236 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |
