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Dr Brian Chen, Director of Research and Quantitative Strategies, Schooner Investment Group

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Schooner offers multi-asset class investment option with new Global Absolute Return Fund

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Schooner Investment Group has launched its second mutual fund, The Schooner Global Absolute Return Fund (ticker:SARIX), a multi-asset class fund providing both long and short exposure to domestic and international equities, fixed income, currencies and volatility.

Schooner continues to build its alternative mutual fund business with SARIX joining the firm’s flagship, hedged equity mutual fund, The Schooner Fund (ticker:SCNAX). SARIX is one of a handful of absolute return mutual funds that is global in scope, including exposure to emerging markets, and several asset classes.

Portfolio managers Alec Petro and Dr Brian Chen, head up the SARIX team. Co-founders of Absolute Investment Advisors, a USD4 billion family of absolute return mutual funds, this veteran duo has experience managing both hedge funds and absolute return mutual funds. Petro, a Senior Partner with Schooner, calls on his more than 25 years of portfolio management experience in his decision-making process. Dr Chen, Director of Research and Quantitative Strategies with the Firm, applies the same discipline to his work in investment strategies as he did when obtaining his PhD in electrical engineering and computer science, with a minor in finance, from MIT.

In an effort to offer a high level of diversification, the Portfolio Managers attempt to use investment strategies that do not move in tandem with the equity and fixed income markets, which comprise the bulk of most investors’ portfolios. SARIX offers an alternative to advisors who are looking for investment opportunities with a history of low correlation to traditional stocks and bonds.

In an attempt to create consistent asset growth over time, Dr Chen describes SARIX as a fund in which: “Positions are dynamically adjusted to reflect the rapidly changing market conditions that exist today, with the goal of producing a low, stable level of volatility. In an environment where many investors are avoiding heavy investments in equities, SARIX provides an alternative that is actively risk managed."

SARIX provides exposure to the same sources of return commonly seen with hedge funds, but in the more investor friendly mutual fund structure.
 

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