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JennisonDryden launches Dryden US Equity Active Extension Fund

JennisonDryden Mutual Funds has launched its new Dryden US Equity Active Extension Fund, managed by Quantitative Management Associates to employ a new structure that combines long and short positions in a single portfolio.

The fund is co-managed by Margaret Stumpp, Quantitative Management Associates’s chief investment officer; Ted Lockwood, managing director and portfolio manager; and Devang Gambhirwala, vice president and portfolio manager.

Scott Benjamin, senior vice president and head of marketing and product development for JennisonDryden, said: We’re pleased to offer this innovative approach, which seeks to provide a better risk-adjusted return potential for clients’ large cap core equity allocation. It also gives investors the opportunity to benefit from the expertise of one of the industry’s pioneers in quantitative investing.