FS Investments Debuts New Hybrid Liquid Alternatives Fund

Oct 18 2017 | 10:21pm ET

Alternative asset manager FS Investments has launched a new liquid alternative mutual fund that will combine best-in-class hedge fund managers with lower-cost alternative beta strategies. 

The new fund, named the FS Multi-Strategy Alternatives Fund, will aim to generate positive, low-correlated returns over a complete market cycle, the company said in a statement. Its hybrid approach provides a single fund solution that brings an institutional-quality product to both retail and institutional investors, the company said in a statement.

Investment sub-advisor for the fund, which will trade under the symbols FSMMX and FSMSX, will be well-known institutional consultant and index provider Wilshire Associates. 

"FS Multi-Strategy Alternatives Fund was created to provide exposure to an investment approach employed by some of the most successful institutional investors,” said Michael Forman, CEO of FS Investments, in the statement. “We are excited to bring this solution to the broader investing public and do so in a daily liquid, transparent fund."

Founded in 2007 as Franklin Square Partners, FS Investments is designs alternative investments to help institutional, advisory and individual investors build better portfolios. Its solutions include business development companies, closed-end credit funds and operating companies. The Philadelphia-based firm currently manages over $20 billion in assets as of June 30, 2017.

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