Only months after Bear Stearns Asset Management saw two of its top hedge funds collapse, the investment bank has just announced plans to launch a 130/30 mutual fund product, according to Dow Jones Newswires.

The Bear Stearns Multifactor 130/30 U.S. Core Equity Fund requires a minimum investment of $1 million and will be managed by former BFK Asset Management quantitative specialist Michael Rosen.

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