Turner Investment Partners introduces long/short equity fund
Turner Investment Partners Inc. today announced the launch of a mutual fund that will invest in six long-short equity strategies.
Turner Investment Partners Inc. today announced the launch of a mutual fund that will invest in six long-short equity strategies.
The Turner Spectrum Fund (TSPCX) is the first fund in the fund group that provides exposure to alternative strategies, Turner said in a statement.
The fund will invest in strategies that are managed by several teams within the Berwyn, Pa.-based firm.
The institutional share class will require a minimum initial investment of $100,000 and has an expense ratio capped at 1.95%.
The investor share class requires an initial investment of $2,500 and the expense ratio is initially capped at 2.20%, the firm reported.
Turner Investments had more than $14 billion in assets under management as of March 31.
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