Boston-based Lee Munder Capital Group is currently prepping an alternative mutual fund to launch in April.

According to a regulatory filing, the LMCG Global Market Neutral Fund will bet on long and short positions in stocks in the MSCI All Country World IMI Index, which includes securities across large, mid and small cap segments in U.S. and foreign developed and emerging markets such as Germany, France, United Kingdom, Japan and Hong Kong.

The fund’s net annual operating expense if 335 basis points for investors share and 310 bps for institutional shares. The portfolio managers for the fund are Gordon Johnson and Vikram Srimurthy.

Lee Munder was founded in August 2000 and was acquired by Convergent Capital Management in 2009.

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