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Bailey McCann, Opalesque New York: Denver-based 361 Capital, has launched a new global long/short equity liquid alternative product with Los Angeles-based Analytic Investors. The Fund uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund also launched with an existing 11-month track record following the reorganization of the Analytic Global Long/Short Equity Fund, L.P., a limited partnership that has been operating since January 2014.
"We've had an established relationship with Analytic, and were aware of this strategy. It made sense for us to work with them on this product because there is demand in the marketplace for a high quality long/short equity product," Tom Florence, President and CEO of 361 Capital tells Opalesque. "We think there is an opportunity to build on this relationship further down the road."
Analytic Investors employs a low volatility methodology in selecting securities, based on research which shows that over time, stocks with higher betas do not outperform stocks with lower betas. The fund manager will also actively short high beta stocks that they believe will underperform the market. The investing universe will represent global, not just domestic securities which presents a broader opportunity set than the domestic US long/short equity products currently in market.
The 361 Global Long/Short Equity Fund is the first of a series of funds the firm plans to offer tha...................... To view our full article Click here
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