According to the company, the new mutual 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 361° Capital Absolute Alpha Fund will offer 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, claims the company.
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.
361° Capital CEO Tom Florence said they are very excited to be able to combine their experience and long history of picking high alpha producing managers with their proprietary risk management system in a structure that is available to all investors, not just institutions or individual high net worth investors.
