Harness Investment Management Group, founded by two former PIMCO executives Andre Mallegol and Don Yocham, have launched the Harness Absolute Return Fund. Using a top-down global macro context combined with nimble attention to secular trends and near-term opportunities, the fund aims to return absolute returns above inflation, as measured by the Consumer-Price Index.

This is the firm’s first absolute-return mutual fund, although it has been offering absolute-return managed accounts for the past three years.

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