Lake Partners and Newport Group announced Wednesday that they had started a collective investment fund comprising registered hedged mutual funds.

The fund is to be made available to qualified retirement plans. It will be the first defined contribution fund made up entirely of hedge funds. The Lasso Fund is under the trusteeship of SEI Trust Co., which combines alternative investment strategies with the features of daily-valued unitized commingled funds such as mutual funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.