Thesis Fund Management Launches Flexible Fund
Tuesday, April 27, 2010
Thesis Fund Management, a New York-based registered investment advisor, has announced the official launch of The Flexible Fund. The Fund is available on the majority of mutual fund platforms, including Fidelity and Charles Schwab.
According to Thesis, hedge funds have for years offered very wealthy investors a sophisticated approach to investing. The Flexible Fund, it claims, offers everyone access to the same type of investment strategies, including the diverse and multi-strategy investment approach typically found in hedge funds with the daily pricing, daily liquidity and transparency of a mutual fund.
The Flexible Fund is managed by a team at Thesis Fund Management that was founded specifically to bring alternative strategies to mutual funds and the investing public.
Commenting on the launch, Stephen Roseman, Chief Executive Officer of Thesis Fund Management, said: "As a hedge fund manager I always thought hedge funds would appeal to a large number of investors. Now with The Flexible Fund we can offer every investor the same type of strategies that hedge funds use, in a regulated and familiar mutual fund format."
Thesis said in its press release that traditional mutual funds tend to focus on one asset class and one investment style. The Flexible Fund will invest across a number of different asset classes, regions and strategies.
"We have a lot more tools at our disposal than almost any other mutual fund," continued Roseman. "We can buy stocks that we believe will go up or sell them short if we think they are going down. We can invest in bonds, commodities and derivatives and, if we believe the situation warrants it, we have the ability to hold cash. For an investment manager the flexibility is extremely beneficial." |