AXS Investments, an alternative investment manager, has acquired the AXS Market Neutral Fund to its expanding suite of alternative investment funds designed to open access for all investors to proven strategies previously available to only institutional and ultra-high net worth investors.
“Our acquisition of the AXS Market Neutral Fund is exceedingly exciting and timely, particularly today as we’re seeing investors and financial advisors looking to replace portions of their fixed income, and even cash, allocations with market neutral solutions to improve returns, while tempering equity market volatility,” said Greg Bassuk, Chairman and CEO of AXS Investments. “The fund is a great complement to our lineup of alternative investments to help investors diversify and enhance their portfolios.”
Market neutral is a form of hedging that aims to generate returns that are independent of market swings and uncorrelated to both stocks and bonds. The AXS Market Neutral Fund seeks positive returns in all environments by buying stocks expected to perform well and short selling stocks expected to underperform, by leveraging its proprietary Rota/Rome quantitative methodology used since the fund’s inception to successfully identify companies with high returns on invested capital and trading at attractive valuations.