Natixis Global Asset Management (NGAM) has rolled out the Aurora Horizons Fund (AHFAX), which the wealth manager claims to be a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers.
The newly introduced mutual fund is a multi-strategy, multi-manager fund that implements alternative strategies, such as long/short equity, long/short credit, event-driven, short-biased, and macro.
Managed by Aurora Investment Management team, the fund will offer diversified exposure to alternative strategies and assist investors to achieve additional risk diversification within a traditional long-only portfolio of stocks and bonds.
The team comprises CEO and portfolio manager Roxanne Martino, president and portfolio manager Scott Schweighauser, CIO and portfolio manager Justin Sheperd, and, managing director of operational due diligence Anne Morley.
Aurora president and portfolio manager Scott Schweighauser said, "The new Aurora Horizons Fund provides investors with a liquid alternative to traditional hedge fund investments."
"We actively reallocate the portfolio to a set of proven alternative investment managers to help the fund’s shareholders benefit from market fluctuations and strategy performance trends," Schweighauser added.
Established in 1988 and headquartered in Chicago, Aurora Investment Management manages more than $10bn in assets for institutional clients, including corporate and public pension funds, foundations and endowments, insurance companies, and healthcare organizations.
Headquartered in Paris and Boston, Natixis Global Asset Management had $779bn (€591bn) assets under management as of 31 December 2012.