361° Capital has launched the 361° Absolute Alpha Fund, its first mutual fund.

The offering is a multi-manager long/short equity fund that includes an overlay of risk management aimed at hedging against downturns in the equity markets.

“We are very excited to be able to combine our experience and long history of picking high alpha-producing managers with our proprietary risk management system in a structure that is available to all investors, not just institutions or individual high-net-worth investors,” said 361° Capital Chief Executive Officer Tom Florence.