361 Capital, an asset management firm specializing in liquid alternative investments, has announced its plans to expand its family of alternative mutual funds by launching a series of funds that will be sub-advised by single managers with proven alternative asset management track records.
In contrast to the alternative mutual funds that utilize multiple managers, 361 Capital’s new funds are expected to be single-manager strategies. The firm plans to partner with hedge fund managers and successful managers of alternative mutual funds, who will serve as sub-advisors.
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Distribution will be carried out through a hybrid strategy that leverages marketing automation, technology and a strong sales force, with a primary focus on reaching Registered Investment Advisors.
"With the growth of liquid alternatives that is expected over the next five years, particularly among hedge funds looking to enter the ’40 Act space, we believe there is an opportunity to expand our fund offerings," said Tom Florence, CEO of 361 Capital.
"We believe we are well positioned to take advantage of that opportunity because of our track record with the 361 Managed Futures Strategy Fund, a counter-trend strategy, and our success raising money through financial advisors."
The first new fund to come out of this expansion is the 361 Global Macro Opportunity Fund, which will be managed by Blaine Rollins, a veteran of Janus Capital Group.
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By GlobalDataThis Fund will seek a long-term positive absolute return by investing in a wide range of asset classes that provide exposure principally to U.S. and foreign equity securities, fixed income securities, commodities and currencies, and may invest in various individual securities and currencies as well as indices based on a broad range of individual securities, commodities and currencies. This Fund is expected to be operational by July 1.
