The satellite alpha fund also seeks long-term capital appreciation, but in its case, it will invest in alternative and non-traditional asset categories that have a lower correlation with the U.S. stock and bond markets. The seven Dreyfus funds this fund-of-fund will invest in cover the following strategies: absolute return, inflation-adjusted securities, international bonds, natural resources and debt and stock in emerging markets.
Phillip N. Maisano, Richard B. Hoey and William J. Reilley will be the portfolio managers of the two funds.
