Legg Mason has entered the 130/30 institutional and retail funds marketplace by launching a U.S. large cap equity fund.
The Legg Mason Partners 130/30 U.S. Large Cap Equity Fund is aimed at the investment needs of smaller institutional investors. The fund is subadvised by Batterymarch Financial Management, which introduced a 130/30 U.S. large cap separate-account strategy for institutional investors.
It is also a vehicle for institutions that are interested in adding potential alpha-seeking strategies to their overall asset allocation but do not have prime brokerage relationships.
“After seeing much demand for the 130/30 product among institutional investors, we are excited to roll out a vehicle for retail and smaller institutional investors,” says Brian Chiappinelli, manager and product specialist at Batterymarch.
For more about alternative investments, such as 130/30, click here to read A Trustee’s Guide to Alternative Investments.
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