Compelo Banking - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Arrow Funds launches Arrow Alternative Solutions Fund

Arrow Funds has launched its second open-end mutual fund, the Arrow Alternative Solutions Fund, which seeks to provide absolute returns via three long/short investment strategies.

The fund uses an absolute returns strategy, which attempts to lower the volatility that normally arises from market risk. The Fund seeks to achieve a risk target of 7% and total rate of return that meets or exceeds 10% per year over a rolling three to five year time horizon. The Arrow Alternative Solutions Fund requires a minimum initial investment of $5,000 or $2,000 for retirement accounts and a minimum of $250 for all subsequent investments. The new fund will be managed by William Flaig, chief investment officer of the company.

Mr Flaig said: The unique design of the Arrow Alternative Solutions Fund allows for low correlations to traditional assets with greater diversification, a risk target and controls, using passive investment strategies at a lower cost than most long/short products.