Forward Management on Tuesday launched the Forward Tactical Enhanced Fund, an absolute return fund that seeks to deliver returns regardless of the market’s direction.

“We are excited to be launching this new strategy enabling us to build on the success of the Forward Tactical Growth Fund we introduced 16 months ago,” said J. Alan Reid, Jr., CEO of Forward Management. The Tactical Growth Fund seeks to achieve capital preservation and attracted $850 million in the 15 months between its launch in mid-September 2009 and the end of 2010.

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