Houston-based Salient Partners earlier this month added the Pure Trend Fund, a managed futures offering, to its growing list of alternative mutual funds. The firm currently manages the Salient Risk Parity Fund and the Salient MLP & Energy Infrastructure Fund II.

Lee Partridge, chief investment officer at Salient Partners, told Money Management Executive that the fund is based on a trend-following algorithm and bets on 45 futures markets spread across equities, interest rate and commodities. ‘The goal is to offer a liquid alternative fund to retail and institutional investors that isn’t based on a 2/20 structure and has quite a bit of transparency and is fully liquid,” he said.

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