Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2760

Turner launches Spectrum Fund

RELATED TOPICS​

Investment manager Turner Investment Partners has announced the launch of the Turner Spectrum Fund, a no-load, open-end mutual fund that seeks capital appreciation by investing in six l

Investment manager Turner Investment Partners has announced the launch of the Turner Spectrum Fund, a no-load, open-end mutual fund that seeks capital appreciation by investing in six long/short equity strategies managed by the firm.

Turner Spectrum will be the first mutual fund in the Turner funds family to offer investors exposure to alternative strategies.

"The Turner Spectrum Fund provides the diversification benefits of a multi-manager approach by drawing on six long/short strategies managed by various teams within Turner," says Matthew D. Glaser, director of alternative strategies and principal at Turner. "Our goal is to capture in a single fund the best of Turner’s alternative-investment strategies. The fund is designed to be a lower volatility alternative to other equity funds and to offer the daily pricing, liquidity, and full transparency that investors expect in a traditional mutual fund structure."

The fund will seek to capture alpha, reduce volatility, and preserve capital in declining markets by investing in six long/short strategies.

Although each strategy’s weighting in the fund will vary as a result of performance, Turner intends to rebalance each weighting equally at the end of every year.

The institutional class shares of the Turner Spectrum Fund will require a minimum initial investment of USD100,000, with an expense ratio initially capped at 1.95 per cent. The investor class shares will be available with a minimum initial investment of USD2,500 and an expense ratio initially capped at 2.20 per cent. The Turner Spectrum Fund will not charge investors a performance fee.

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by