Steve Savage, CEO of Litman Gregory talks to Julie Cooling, Founder & CEO of RIA Channel about the Masters Alternative Strategies Fund (MASFX). MASFX is a multi-strategy fund that utilizes third party managers including DoubleLine, Passport Capital, Loomis Sayles and Water Island Capital. Savage explains the fund evolved out of demand for liquid, non-correlating options for their advisory clients. He explains that many of the best and brightest investment managers don’t always have the freedom and flexibility to manage fund assets the way they may manage their own personal assets. However, with their multi-strategy, multi-manager approach, the fund diversification allows managers to insert their best ideas without the constrictions of an individual fund.
As MASFX approaches $1.5 billion in assets under management, it is also celebrating its Five-star Overall Morningstar Rating™, among 239 Morningstar Multi-alternative funds based on risk-adjusted return for the period ending 12/31/16.
As investors seek to reduce overall portfolio risk with non-correlating assets, Litman Gregory’s Masters Alternative Strategies Fund provides exposure to just that via their access to world-class asset managers combined with the liquidity and lower minimums that a registered mutual fund provides.