Alpha Hedged Strategies Fund Passes the $100 Million in Net Assets Mark and Continues to Attract New Investors
Alternative Investment Partners, LLC (AIP) is pleased to announce a number of significant milestones for its Alpha Hedged Strategies Fund (Ticker: ALPHX). The Alpha Hedged Strategies Fund is an innovative, open-end mutual fund designed to minimize equity market exposure and volatility by employing a variety of absolute return strategies.
The Fund represents the next generation of product for hedged alternative strategies investing, and is open to all investors.The Alpha Hedged Strategies Fund continues to attract new investors, and recently passed the $100 million mark in net assets.
The Fund has also recently qualified to be listed daily in print publications such as the Wall Street Journal, Barron's and The New York Times."The registered advisor community has really warmed up to alternative strategies, and especially to the concept of a multi-strategy product like ours, " said Lee Schultheis, Chief Investment Strategist and co-founder of AIP and the Alpha Hedged Strategies Fund.
"Since financial intermediaries have a preference for the open-end mutual fund structure, Alpha Hedged Strategies Fund represents a compelling alternative to traditional hedge fund-of-funds for their high net worth clients.
They also tend to agree with the Fund's strategy of seeking more consistently positive annual returns, with lower market exposure, risk and volatility, than if it utilized a single manager or single strategy approach."With the recent additions of Gabelli Asset Management, to run its merger arbitrage strategy, and G2 Capital Management, to manage its deep discount value long/short equity strategy, Alpha Hedged Strategies continues to take the lead in offering a diversity of alternative investment styles and managers to the mutual fund marketplace.
As a multi-strategy fund, Alpha Hedged Strategies Fund, gives its investors exposure to a broad variety of alternative styles including: Distressed Securities, Earnings Revision Long/Short Equity, Momentum Long/Short Equity, Tactical Allocation Long/Short Equity, Deep Discount Value Long/Short Equity, Merger Arbitrage, Fixed-Income Arbitrage, and Convertible Bond Arbitrage.The Alpha Hedged Strategies Fund continued to deliver strong performance, Ranking # 1 in Morningstar's Conservative Allocation Category * for the one-year period ending 3/31/05 among 376 funds.
Morningstar rankings are based on total return.
The Fund was up 14.09% for this same one year period, and the annualized return from inception on 9/23/02 through 3/31/05 was 6.87%.
Total return identifies the return of the Fund taking into consideration changes in the net asset value, accumulation and reinvestment of dividends and the compounding factor over time.Performance data quoted represents past performance and does not guarantee future results.
The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted and may be obtained by visiting www.aipfunds.com.
The fund imposes a 2.00% redemption fee for shares redeemed less than 180 calendar days after they are purchased."Advisors know that they have to be able to offer conservative, all-weather choices to their clients," Mr. Schultheis noted.
"By delivering both a conservative portfolio risk profile and strong risk-adjusted performance, Alpha Hedged Strategies has garnered both increased media exposure, and investor interest."Fund DisclosureThe fund's investment objectives, risks, charges and expenses must be considered carefully before investing.
The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-877-Low-Beta (569-2382), or visiting www.aipfunds.com. Read it carefully before investing. Certain hedging techniques and leverage employed in the management of the Fund may accelerate the velocity of possible losses.
Short selling involves the risk of potentially unlimited increase in the market value of the security sold short, which could result in potentially unlimited loss for the Fund.
Derivatives involve investment exposure that may exceed the original cost and a small investment in derivatives could have a large potential impact on the performance of the Fund.
Options held in the Fund may be illiquid and the fund manager may have difficulty closing out a position. The Fund may also invest in:* Smaller capitalized companies
- subject to more abrupt or erratic market movements than larger, more established companies;* Foreign securities, which involve currency risk, different accounting standards and are subject to political instability;* Securities limited to resale to qualified institutional investors, which can affect their degree of liquidity;* Shares of other investment companies that invest in securities and styles similar to the Fund, resulting in a generally higher investment cost than from investing directly in the underlying shares of these funds.The Fund intends to utilize these individual securities and hedging techniques in matched combinations that are designed to neutralize or offset the individual risks of employing these techniques separately. Some of these matched strategies include: merger arbitrage, long/short equity, convertible bond arbitrage and fixed-income arbitrage. There is no assurance that these strategies will protect against losses. * Morningstar defines Conservative Allocation as: a fund that invests in both stocks and bonds and maintains a relatively small position in stocks.
These funds typically have 20-50% of their assets in stocks and 50-80% of assets in bonds and cash.Mutual fund investing involves risk; loss of principal is possible.
Please consult an investment professional for advice regarding your particular circumstances.(Quasar Distributors, LLC, Distributor - 5/05)About the Alpha Hedged Strategies FundThe Alpha Hedged Strategies Fund, with Ticker www.aipfunds.com (ALPHX), is an open-end mutual fund that invests its portfolio in a manner similar to a conservative hedge fund-of-funds.
The fund employs a multi-manager approach to a variety of hedged alternative investment styles, but with a liquid portfolio of its own securities, using the limited amounts of leverage and short-selling allowable in open-end mutual funds. The Alpha Hedged Strategies Fund utilizes the talents of highly specialized hedge fund managers, as sub-advisers to the Fund, in executing their alternative investment strategies.
The Fund offers the portfolio diversification benefits that institutions, pension funds, endowments & foundations, and high-net worth individuals have become accustomed to in hedge funds.
The Fund combines these portfolio attributes with the daily pricing, liquidity, and other shareholder features commonly associated with open-end mutual funds.
As such, the Fund is uniquely positioned to provide its shareholders with portfolio diversification that goes well beyond the traditional asset classes of stocks, bonds and cash.For more information on the Alpha Hedged Strategies Fund please visit www.aipfunds.com or call 1-866-Low-Beta (569-2382).Contact:Jennifer ConnellyAIP Funds, JC Public Relations(908) 813-2478.
New Energy Hedge Fund Center Online Seminar Announced ?Fundamentals of Energy Hedge Funds?
The Energy Hedge Fund Center (EHFC ? www.energyhedgefunds.com), the leading online source for news and information on hedge fund activities in the energy industry, has announced that its staff will be conducting an online seminar on "Fundamentals of Energy Hedge Funds" on March 15th, 1pm EST.
The online seminar will be conducted by EHFC Director's and co-authors of the first two comprehensive reports on energy hedge funds, Dr. Gary M. Vasey and Mr. Peter C.
Fusaro. They will share some of their latest research on energy hedge funds."Oil prices continue at record levels and there remains speculation in the media regarding the role played by hedge funds and other speculators," reports Dr. Gary M. Vasey, who is VP Trading & Risk Management Practice for energy industry analysis and consulting firm UtiliPoint International, Inc.
"Our online seminar will explain what an energy hedge fund is...
Hedge funds > New Energy Hedge Fund Center Online Seminar Announced ?Fundamentals of Energy Hedge Funds?
Energy Hedge Fund Center Launches Major New Study into Global Energy Markets
Houston, TX and New York, NY. (ContentDesk) March 22, 2006 -- The Energy Hedge Fund Center, LLC (EHFC) has announced a major new multi-client study into global energy markets. The study will review all energy and environmental commodity financial markets with the ultimate objective of definitively classifying and sizing those markets. It will examine structural change in the markets, new trading instruments and exchanges, as well as examining global markets for crude oil, refined products, natural gas, electric power, emissions, and other commodities. Global energy trading is rapidly recovering from any impacts it sustained as a result of the collapse of the North American Energy Merchants that impacted natural gas and electric power markets considerably, said Mr. Peter C.
Fusaro, Co-Principal, EHFC. Additionally, new exchange-based clearing mechanisms, instruments and intra-commodity relationships have emerged that have reduced barriers to entry, increased market liquidity...
Energy Hedge Fund Center Launches Major New Study into Global Energy Markets
Hedge funds > Energy Hedge Fund Center Launches Major New Study into Global Energy Markets
5 Things To Know About The Stock Market
50% Of U.S. Households Invest In The Stock Market
Individuals invest in the stock market directly, through mutual funds, their pension plans, profit sharing plans, 401k's, IRA's, etc.
Mutual Funds Dominate The Market
It is mainly the mutual funds, buying and selling, who move the market and cause individual stocks to go up and down. Mutual funds are the 800-pound gorillas of the stock market; at the end of 2003, mutual funds held more than $3 trillion dollars worth of stocks.
The Dow Jones Average Is Not The Stock Market
The Dow Jones Industrial Average is comprised of only 30 selected stocks.
In reality, there are more than 7,000 different stocks listed on the 3 major U.S. stock exchanges. That makes it quite possible that, in a given time frame, the Dow Jones Average may be flat or down but many individual stocks may actually be up.
Most Individual Investors Fail
Over time, most individual investors...
Hedge funds > 5 Things To Know About The Stock Market
Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
New York (ContentDesk via ContentDesk Direct) January 25, 2006 -- Hedge fund managers say Lehman Brothers provides the best trade execution for both New York Stock Exchangelisted equities and Nasdaq Stock Market shares, according to a survey published in the January/February issue of Institutional Investors Alpha, released today.To find the firms that are doing the best job of serving the trading need of hedge funds, Alpha retabulated the results of the survey of head equity traders at institutional money management firms that was published in November 2005 in Alphas sister publication, Institutional Investor, using only votes cast by the hedge funds that participated. Respondents were asked to rank broker-dealers on the quality of their execution and to rank the best electronic communications networks and alternative trading systems.Hedge fund respondents rank Lehman Brothers best in market knowledge, trading intelligence, the ability...
Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
Hedge funds > Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
Energy Hedge Fund Center Now Tracking 450 Energy Hedge Funds
New York, NY
(ContentDesk) December 7, 2005 -- The Energy Hedge Fund Center (EHFC), the premier information source for energy and environmental hedge funds (www.energyhedgefunds.com) today announced that it is now tracking 450 hedge funds in the energy and environmental space including 200 funds focused exclusively on various energy strategies. EHFC staff believe that the true number is still higher as there has been a general rush to the energy sector on the part of many general funds over the last 18-months. We have been finding or been contacted by an average of about fifteen hedge funds per month since we started the directory of energy hedge funds," reports EHFC co-founder, Dr. Gary M. Vasey. While many are new funds some are existing funds that have exposed more of their assets under management to the energy sector. The EHFC directory of energy hedge funds is available to subscribers...
Hedge funds > Energy Hedge Fund Center Now Tracking 450 Energy Hedge Funds
Hedge Fund Advisers Will Continue to Register Despite Court Decision to Strike Down SEC Rule
Copyright 2006 Stephen Furnari
Small, independent hedge funds were given a boost on Friday by a favorable court decision that struck down a controversial rule requiring hedge funds to register with the Securities and Exchange Commission.
Notwithstanding the decision, many fund advisers are expected to continue to register voluntarily in order to attract and retain institutional investors.
In 2004, the SEC amended one of the key exemptions fund advisers relied on to avoid registration with the SEC as an investment adviser. Previously, fund managers with fewer than 15 clients were not required to register as an investment adviser.
Under the old rule, each fund the adviser managed was considered a "client", regardless of the number of individual investors in the fund.
In most cases, managers that advised fewer than 15 funds could avoid registration as an investment adviser.
Under the 2004 rule amendment, the SEC changed the...
Hedge funds > Hedge Fund Advisers Will Continue to Register Despite Court Decision to Strike Down SEC Rule
Hedge funds
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