The universe of open-end funds that employ strategies typical of hedge funds grew by two last week.

Last Monday, Rydex Investments of Rockville, Md., launched the Rydex Hedged Equity Fund and the Rydex Absolute Return Strategies Fund. The launch comes at a time when many fund advisors are still cautiously testing sophisticated investment strategies on mainstream investors.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.