San Francisco, Calif-based Forward Management, LLC today unveiled its latest offering, the Forward Managed Futures Strategy Fund, a systematic, trend-following vehicle that will bet long and short exposure on liquid futures contracts in commodities, equities, bonds and currencies.
The fund is benchmarked to the Credit Suisse Multi-Asset Futures Strategy Index.
"In our view, the appeal of managed futures lies in their equity-like return potential and volatility coupled with their historically low correlation to traditional asset classes," stated Forward CEO J. Alan Reid. "We've designed our strategy to give investors a flexible way to allocate assets in line with long-term market trends."
With the addition of the new fund, Forward's set of alternative funds now includes eight long/short strategies spanning the global and domestic equity, fixed-income, commodities and real estate categories.
Hung Tran writes for Money Management Executive.