ALPS Advisors said last week that it had launched a long-short fund.
ALPS, of Denver, provides consulting and other services to investment managers. GNI Capital Inc., a South Carolina long-short equity investment management firm, will serve as a subadviser to the fund.
The company said the fund is part of an ongoing effort to broaden its offerings for investors.
"Recent experience reminds us that a well-allocated portfolio should include exposure to alternative strategies where market exposure alone is not the primary driver of returns," said Corey Dillon, vice president and director of institutional advisory services for ALPS, in a press release.
The fund is being offered in Class A for retail investors and Class I for institutionalinvestors, the company said..
The fund will be available on most mutual fund platforms and through financial intermediaries, the company said.