Litman Gregory Fund Advisors has launched the Litman Gregory Masters Alternative Strategies Fund, a multi-manager, multi-strategy fund that offers investors diversified exposure to absolute return-oriented strategies.
The fund will draw on the expertise of four managers: DoubleLine Capital’s Jeffrey Gundlach (Opportunistic Income Fund); FPA’s Steven Romick, Brian Selmo and Mark Landecker (Contrarian Opportunity Fund); Loomis Sayles’ Matt Eagan, Kevin Kearns and Todd Vandam (Absolute-Return Fixed Income Fund); and Water Island Capital’s John Orrico, Todd Munn, Roger Foltynowicz and Gregg Loprete (Arbitrage Fund).
“Litman Gregory Masters Alternative Strategies Fund blends what, in our view, are four exceptionally talented managers who have highly specialized, complementary approaches,” said Chief Investment Officer Jeremy DeGroot. “We created the fund to offer all investors what we feel is a unique risk-aware investment vehicle that could produce income and capital appreciation, with a strong focus on capital preservation. Since the fund managers’ investment results are not driven by the same risk factors, the portfolio should benefit further from this diversification.”