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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Wisconsin Firm Launches Alt-Style Mutual Fund

Oct 02, 2013
Jing Chen

Alternative investment solutions firm Direxion has expanded its suites of alternative-strategy mutual funds with the introduction of a new fund.

Wisconsin-based Direxion said in a statement released Tuesday that the new fund offers investors a “cost-efficient, liquid and transparent way to obtain direct exposure to currencies in a broad range of markets around the world.” It is also Direxion's latest product that offers institutional-style alternative strategies to the retail marketplace.

The new fund’s strategy focuses on interest rates, inflation, open interest and stock index performance to determine whether to invest long or short on an individual currency.

Direxion’s offerings range from leverage ETFs to index-based alternative mutual funds.

Source: 

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