Highland Funds Asset Management has launched the Highland Alpha Trend Strategies Fund (ticker:HATAX). Anchor Capital Management Group will serve as the fund’s sub-advisor.
The Highland Alpha Trend Strategies Fund is a long/short international strategy designed for more consistently positive returns along with low correlation and low volatility relative to regular equity indexes. It is expected to be classified in the Morningstar Multialternative category.
The fund’s strategy will be comprised of two components: rotating investment positions primarily among country- and region-specific exchange-traded funds (ETFs), and taking long and short positions in broad equity indexes to vary the fund’s net exposure over time.
"In a volatile global market, the addition of Anchor Capital’s strategy provides investors with a new international option," says Joe Dougherty, President of Highland Funds. "We look forward to bringing Anchor Capital’s global long/short expertise to work for the benefit of our investors."
Anchor Capital operates two distinct strategies on behalf of financial professionals, institutions and high-net-worth families. The firm’s investment professionals are technical analysts, and the Highland Alpha Trend Strategies Fund will make use of Anchor Capital’s proprietary quantitative methodology to assemble its investment portfolio.
"Global equity markets have become more correlated, increasing the need for a multi-strategy, long/short approach to international investing," says Eric Leake (pictured), Anchor Capital Chief Investment Officer and Co-Portfolio Manager of the Highland Alpha Trend Strategies Fund. "With our focus on exploiting a variety of short-, intermediate- and long-term trends, we believe this is an ideal environment for a global long/short equity strategy."
"Navigating global markets is extremely challenging right now, and this strategy will allow investors an opportunity to exploit both the positive and negative sentiment inherent in today’s markets," says Garrett Waters, Anchor Capital Partner and Co-Portfolio Manager of the Highland Alpha Trend Strategies Fund. "The strategy is dynamic and nimble, designed to adjust to the macro environment and market momentum."