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 and foreign 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”, says 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 USD1m 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,” says Florence.
