Pie Funds launches 'alternative' option
Chief executive and chief investment officer Mike Taylor said the Multi-Strategy Fund was a long-short strategy that would seek to make money from the best investment ideas from any asset class around the world.
It will be limited to $100 million in investment.
“We are nine years into an equity bull market, or as the Economist described it, a bull market in everything. Everything has been going up,” he said.
It was an opportune time to launch a fund with a strategy that could be used to take advantage when the market fell, he said. “Different asset classes perform in different times of the cycle.”
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