SciVest launches five new funds

Date: Thursday, March 2, 2006
Author: Advisor.ca

SciVest Alternative Strategies is adding five new funds to the company's lineup, including the SciVest-branded Oil Sands Index PLUS Fund, Income Portfolio PLUS Fund, Commodity Index PLUS Fund, Asia Pacific Long-Short Equity Fund and Aggressive Market Neutral Equity Fund.

"Although Market Neutral will remain a core strategy, we believe that Beta Controlled funds are a useful investment tool in the current market environment, allowing investors to run either with the bulls or bears in a risk controlled manner," says Dr. John Schmitz, president and CEO of SciVest Capital Management. "Our PLUS funds on the other hand, use a sophisticated investment technique, known as 'portable alpha' to provide investors with the opportunity to beat the relevant underlying long-only benchmark with no additional market risk, effectively combining the power and benefits of both indexing and pure active investment management."