The primary holdings of the fund, which can leverage holdings up to 120% net long and 100% net short, will be exchange-traded funds and futures. Its research-driven approach combines qualitative top-down analysis and quantitative risk management.
“We have found a partner whose track record over the past six years offered compelling performance while helping to limit the downside,” said J. Alan Reid, chief executive officer of Forward. “We are excited to bring mutual fund investors access to a tactical strategy of this caliber.”
Jeff Cusack, president of Forward, added, “We are seeing advisers migrate to products that manage risk and enhance alpha by having the flexibility to be long, short or neutral on the market.”