HARTFORD, Conn. (HedgeWorld.com)–Phoenix Investment Partners unveiled two multi-strategy funds that offer retail investors and their investment advisers an introduction to the equity market neutral strategy.
The two funds, Phoenix Partners Select Wealth Builder and Phoenix Partners Wealth Guardian Funds, both carry fixed allocations to seven Phoenix mutual funds, including 5% to the Phoenix Market Neutral Fund, an existing market neutral mutual. Ten percent of each fund also is allocated to a real estate mutual fund.
The Wealth Builder fund has an 80/20 allocation to equities and fixed income, respectively, and the Wealth Guardian has a 60/40 split, with both funds carrying the alternatives allocation in the equity component.