27/04/2010 Author: Elana Margulies

Equinox launches first mutual fund

Equinox Fund Management, a $750m alternative asset manager focused primarily on managed futures, has launched its first mutual fund, HFMWeek can exclusively reveal.
 
The MutualHedge Frontier Legends Fund provides investors with exposure to an actively managed portfolio of multiple managed futures investments. Specifically, its structure allows access to the trading results of actual CTA programmes within a mutual fund format. These programmes employ a range of strategies, both discretionary and systematic, across both the short and long term, and trade more than 100 global futures markets.  
 
Richard Bornhoft, CIO of Equinox Fund Management, is the fund's portfolio manager. Prior to founding the firm, he set up the Bornhoft Group, which designs and manages multi-advisor managed futures portfolios for both institutional investors and publicly-offered funds.

MutualHedge provides daily liquidity with a 30-day, 1% redemption fee. The initial minimum investment is $2,500.