Hedge fund firm Meritage Capital launched its first alternative mutual fund Tuesday.
Texas-based Meritage announced in a statement that the new fund will employ global macro-managed futures investment strategies. The fund will also provide exposure to managers who employ a variety of global macro trading strategies, including discretionary and systematic across various financial markets.
The firm added that the fund is “unique from other liquid alternative macro offerings primarily because of its allocation to discretionary focused managers.”
Founded in 2003, Meritage has approximately $1 billion in assets under management.