Driehaus Introduces Absolute-Return Mutual Fund

Driehaus Capital Management has introduced an absolute-return mutual fund that will focus on the credit markets.

The Driehaus Active Income Fund will invest primarily in U.S. fixed income and floating rate securities, using short-term trading strategies.

“The credit markets currently offer some extraordinary investment options,” said Portfolio Manager K.C. Nelson. “However, this ‘cheapness’ exists in only certain segments of the market, and these segments are constantly changing. A static, long-only core approach with no hedging mechanism can fail to take advantage of these changes. This fund gives investors exposure to the credit markets in a relative value format, while hedging away virtually all of their interest rate risk.”

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Money Management Executive
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