Opalesque Exclusive: Hedged mutual funds (HMFs) may be a dominant trend in next hedge fund industry cycle - Part Two
Friday, July 31, 2009
By Benedicte Gravrand, Opalesque London:
This is the second of a two-part article. Part One was published yesterday and can be found here Source
What are HMFs?
According to the Lake Partners report, hedged mutual funds are open-end investment companies registered under the US Investment Company Act of 1940 which implement their underlying portfolios using hedging strategies or investments on an ongoing, regular or periodic basis. Although open-end mutual funds are not the only ones in the game: registered closed-end funds, ETFs and ETNs also use these strategies.
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1