Hussman Investment Trust of Cincinnati, Ohio, filed a prospectus with the SEC April 21 to offer the Hussman Strategic Growth Fund.

The fund, to be managed by Hussman Econometrics Advisors of Ellicott City, Md., will seek long-term capital appreciation but will drift between aggressive and defensive investment styles to preserve capital during market downturns, according to the prospectus. Hussman Econometrics is a 12-year-old firm that does statistical modeling for pension funds and brokerage houses. It also publishes a newsletter on market timing for individual investors. This will be the firm's first mutual fund.

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