Alternative investments

Advisors and institutions are turning to mutual funds as their choice du jour to access alternative strategies, according to new findings by Morningstar.

Right now, hedge funds cannot technically advertise to anyone. They cannot solicit potential investors — they must find a way to cleverly (but legally) inspire accredited investors to come to them, ask questions, and hope they’ll stick around. It’s not an easy business by any means, but with the potential to make billions of dollars a year; enterprising individuals are frequently attracted to the industry.

Milwaukee-based Direxion Funds is currently prepping the Direxion Long/Short Global Currency Fund to launch within the next few months.

As Congress reconsiders various tax breaks it voted into existence (home mortgage deductions, etc.), could 529s come in for increased scrutiny and possible elimination?

Franklin Buys Remaining Stake in Alt Shop

While liquid alternative assets grew double-digits last year within the wirehouse segment, the asset class has also seemingly hit a wall.

Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.

Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst.

Ridgefield, Conn.-based Simple Alternatives, an alternative mutual fund shop, has added two more long/short managers to its flagship S1 Fund (SONEX), a multi-manager, long/short equity mutual fund.

While liquid alternative assets grew double-digits last year within the wirehouse segment, the asset class has also seemingly hit a wall.

A new Portland, Ore.-based investment shop has bagged its first sub-advisory mandate courtesy of its affiliate.

Ron O’Hanley, Fidelity Investment’s president of asset management and corporate services, laid out his take on a number of economic trends through a game of red light/green light led by Morningstar’s head of global research Scott Burns.

With the number of alternative strategies rising, how can advisors pick the winners from the losers?

Buyer beware! The Financial Industry Regulatory Authority issued an investor alert regarding the burgeoning alternative mutual fund asset class.

New York-based Loeb & King Capital Management has filed with the Securities and Exchange Commission to launch the Loeb & King Alternative Solutions Fund, a multi-strategy alternative offering.

Buyer beware! The Financial Industry Regulatory Authority today issued an investor alert regarding the burgeoning alternative mutual fund asset class.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.

San Francisco-based Forward Funds is once again looking to scale down its alternative mutual fund offerings liquidating.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.

Athens, Ga.-based Stadion Money Management’s family of actively managed risk-based and target date retirement funds have found a new home on the Mid Atlantic Trust Company’s platform.