LoCorr Funds, a specialist in low-correlating alternative investments, has launched the new Hedged Core Fund, a ’40 Act investment vehicle which, according to a press statement, will ‘tap into the expertise of top-tier institutional money managers’.
The fund employs a multi-manager approach, combining systematic and discretionary strategies with the ability to take both long and short positions in futures contracts on more than 90 global markets, including equities, fixed income, currencies and commodities.
The fund’s managers are a combination of the underlying managers of the firm’s most popular funds – Macro Strategies Fund and Long/Short Commodities Strategy Fund.
Kevin Kinzie, CEO of LoCorr Funds, commented: “Advisor demand for ’40 Act structure mutual funds with the ability to provide diversification and deliver a differentiated return stream has increased with the uncertainty around inflation and the future direction of interest rates.
“As advisors build a strategic allocation to low-correlating strategies, we are excited to add the Hedged Core Fund to our lineup.”
