Arden Asset Management has expanded its offerings of customized hedge fund solutions via an alternative mutual fund. The firm has teamed up with Fidelity Investments to offer the Arden Alternative Strategies Fund, which will provide clients of the Fidelity Portfolio Advisory Service access to professionally-managed hedge-fund strategies.

The $700 million seeks capital appreciation via a relatively low correlation to the major equity and fixed income markets in a daily liquidity format.

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