CHICAGO (HedgeWorld.com)–Harris Alternatives LLC was scheduled to launch its latest fund of funds, Aurora Hedged Equity LP, on April 1.
The fund will have the goal of long-term capital appreciation through the use of a multi-manager, single-strategy investment philosophy. Assets will be allocated to a range of hedged equity investment managers primarily long/short equity funds.
In a statement, Anita Nagler chairman and CEO at Harris Alternatives, said, “We are excited by the proliferation of talent that we’ve seen come into the hedged equity area over the past several years and feel that this fund represents an excellent avenue for a sophisticated investor to gain exposure to these talented managers as part of a diversified strategy.”
The fund will draw on the firm’s 16 years of hedged equity allocation experience, she added. The investment strategy will be diversified across industry, market capitalization and geographic market sectors.