Alternative investment firm Context Asset Management announced Monday the launch of a new suite of alternative mutual funds.
According to a statement released by Context, its new single- and multi-manager alternative mutual funds combine the low correlation and low volatility of hedge fund strategies with the transparency and liquidity of traditional mutual funds.
The launch of the funds was prompted by the belief from Context’s management that “alternative mutual funds are important to portfolio management because they are designed to produce efficient, risk-adjusted returns and they present an opportunity to increase portfolio diversification.”
Context is the latest firm in a growing list that includes hedge fund firm Meritage Capital, Neuberger Berman and Direxion that is launching mutual funds that employs a range of hedge fund and alternative strategies.
Context has offices in Philadelphia and Boston.