Montgomery Asset Management plans to offer a new group of funds employing alternative investment strategies, including a new absolute return hedge fund-of-funds, the firm said today.
The firm will offer the hedge fund-of-funds first and will likely follow with the introduction of additional multi-strategy hedge funds as well as private equity, venture capital investments and strategic sector funds. The firm will market the new products through intermediaries, such as broker/dealers and RIAs as well as supermarket platforms.
Managing director Bill Santos said that the companys goal is to boost returns and reduce volatility during "a sustained period of shrinking equity premiums."
The company plans to offer guidance to investors regarding alternative investments, which it sees as an area of expertise that has been misunderstood by investment advisers. "We believe its part of our responsibility to aid in understanding the asset class ," Santos said.