Fund Offers Exposure to Multiple Hedge Fund Managers
Natixis Global Asset Management (NGAM) launched a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers.
The Aurora Horizons Fund (AHFAX) is a multi-strategy, multi-manager fund that provides diversification by dynamically allocating across sub-advisers that execute alternative strategies, including Long/Short Equity, Long/Short Credit, Event-Driven, Short-Biased, and Macro. The fund is managed by Aurora Investment Management LLC (Aurora), which has specialized in multi-manager portfolios of hedge funds since 1988.
“The new Aurora Horizons Fund provides investors with a liquid alternative to traditional hedge fund investments,” said Scott Schweighauser, president and portfolio manager at Aurora. “We actively reallocate the portfolio to a set of proven alternative investment managers to help the fund’s shareholders benefit from market fluctuations and strategy performance trends.”
More about Aurora is at http://www.AuroraLLC.com. More about Natixis is at http://ngam.natixis.com.