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February 21, 2006 at 07:00 PM
WHITE PLAINS, N.Y. (HedgeWorld.com)–As money managers continue searching for alpha, Alternative Investment Partners co-founder Lee Schultheis is focused on beta–on the Beta Hedged Strategies Fund, that is.
As a follow-up to his three-year-old Alpha Hedged Strategies Fund, Mr. Schultheis is preparing his second hedge fund strategy that is slated to launch in March.
The Beta fund, like its sibling, will be offered as a mutual fund to financial advisers and investors who are looking for something a little bit more aggressive and that may fit as a substitute for equity in an investor’s portfolio.
“We are launching the Beta Hedged Strategies Fund to meet the demand for this alternative risk/reward profile,” said Mr. Schultheis in a statement. “Alpha has been used by advisers for more conservative clients, while Beta is designed to be more attractive to the investor seeking a higher rate of return, but still reduced risk profile vis-?? 1/2 -vis equity market indexes.”
