Releases New Alternative Investments Fund
The AC Alternative Disciplined Long Short Fund by American
Century Investments will be available to clients and investors seeking equities
with potentially lower volatility, the firm announced.
"AC Alternatives Disciplined Long Short is a welcome
addition because it’s another way to help clients strive to mitigate risk in
their portfolios," says Cleo Chang, senior vice president and head of alternative
investments for American Century Investments. "We also believe long/short
strategies can provide important diversification with the potential for more
consistent returns over a full market cycle."
This fund builds on the firm’s AC Alternatives lineup, which
it kicked off in 2015.
The fund, formerly known as Disciplined Growth Plus and
launched in 2011, has been redesigned to be a long/short equity product with a
variable net exposure to equities that will typically range from 30% to 70%.
American Century says it will continue to follow the same
investment philosophy with modifications around the amount of the fund that can
be long or short based on a dynamic, market-exposure model. These decisions
will incorporate short-term market forecast models that have been employed
within the firm for decades, enhanced with longer-term market forecasting
tools. Previously, Disciplined Growth Plus was a 130/30 fund with 100%
net exposure to equities. "We revamped the fund to adapt to changing market
dynamics and client preferences," says Chang.
The fund is available in Investor (ACDJX), Institutional
(ACDKX), A (ACDQX), C (ACDHX) and R (ACDWX) share classes.
AC Alternatives Disciplined Long Short is managed by Chief Investment Officer, Multi-Asset Strategies & Disciplined Equity, Scott
Wittman, CFA, CAIA; and Vice President and Portfolio Manager Yulin Long, CFA.NEXT:
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