New York (HedgeCo.Net) – Hedge fund manager and alternative investor specialist Morgan Creek Capital Management is launching its first open end alternative mutual fund, the Morgan Creek Tactical Allocation Fund.
“Investors in the Tactical Allocation Fund may benefit from a flexible investment approach designed with the goal of capitalizing on uncorrelated investment strategies that seek to dampen portfolio volatility and reduce risks,” said Mark W. Yusko, Chief Investment Officer of Morgan Creek. “The fund features a broadly diversified global portfolio, actively managed utilizing a multi-asset class investment strategy with daily liquidity.”
The investment objective of the Fund is to provide long-term total returns while utilizing a strategy that seeks lower volatility than a traditional portfolio of equities and fixed income securities, Morgan Creek said in a statement. The Fund’s multi-strategy, multi-asset class structure allows it to dynamically shift capital to pursue and attempt to take advantage of potential investment opportunities identified by Morgan Creek’s investment team, seeking to appropriately hedge risks in the market in an effort to minimize losses in times of stress.
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