Leawood, KS-based Cognios Capital is breaking into the mutual fund space via an alternative offering.
The firm today unveiled the launch of its maiden mutual fund, Cognios Market Neutral Large Cap Fund, which aims to outperform the S&P 500 Index by buying and selling short large capitalization U.S. equities.
The no-load Fund offers two classes of shares – an Investor Class (COGMX) and an Institutional Class (COGIX). The fund launched with an initial $10 million of seed capital from management.
“There is increasing demand from retail investors for expertise in alternative investment management, particularly for investment options that are liquid and less correlated to broader equity markets,” said Jon Angrist, chief investment officer of Cognios Capital, in a statement.
“Our new long/short mutual fund approach responds well to these demands and offers a new strategy for retail investors to diversify their portfolios.”
Prior to co-founding Cognios in 2008, Angrist was a co-owner and portfolio manager of Helzberg Angrist Capital, the predecessor hedge fund firm to Cognios. Brian Machtley, Head of Research and Portfolio Management, is the other co-founder of Cognios Capital. Previously, Machtley was a senior analyst at Helzberg Angrist Capital.
Cognios managed $132.9 million in assets as of November 30.