Highland's new Alpha Trend Strategies Fund has long/short approach

By Toni Weeks

San Diego, Oct. 31 - Highland Funds Asset Management, LP announced it has launched the Highland Alpha Trend Strategies Fund, according to a press release.

Anchor Capital management Group, Inc. will serve as the fund's sub-adviser.

The fund is a long/short international strategy designed for more consistently positive returns along with low correlation and low volatility relative to regular equity indexes.

The fund's strategy will be composed of two components: (1) rotating investment positions primarily among country- and region-specific exchange-traded funds, and (2) taking long and short positions in broad equity indexes to vary the fund's net exposure over time.

The fund expects to be classified in the Morningstar Multialternative category.

"Global equity markets have become more correlated, increasing the need for a multi-strategy, long/short approach to international investing," Eric Leake, Anchor Capital chief investment officer and co-portfolio manager of the fund, said in the release. "With our focus on exploiting a variety of short-, intermediate- and long-term trends, we believe this is an ideal environment for a global long/short equity strategy."

Highland Funds in based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.