Houston-based Salient Partners, a $17.4 billion asset management firm, has officially lifted the veil on its Salient Pure Trend Fund (SPTAX, SPTCX, SPTIX). Money Management Executive previously reported on the fund’s launch.

The fund will bet on futures contracts on both the long and short side. Its management fee is 95 basis points.

In an interview with MME, Lee Partridge, chief investment officer at Salient Partners, said 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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