Combines best-in-class hedge fund managers and cost-efficient alternative beta strategies
PHILADELPHIA, PA – October 18, 2017 – FS Investments, a leading alternative investment manager with over $20 billion in assets1, today announced the launch of its first open-end mutual fund, FS Multi-Strategy Alternatives Fund (Tickers: FSMSX (Class I), FSMMX (Class A)). The fund seeks to generate absolute returns with low correlation to traditional investments over a complete market cycle, and is distinct in that it combines hedge fund managers and alternative beta strategies.
“FS Investments always looks for differentiated ways to help investors access alternative sources of returns,” said Michael Forman, Chairman and Chief Executive Officer of FS Investments. “FS Multi-Strategy Alternatives Fund was created to provide exposure to an investment approach employed by some of the most successful institutional investors. We are excited to bring this solution to the broader investing public and do so in a daily liquid, transparent fund.”
FS Multi-Strategy Alternatives Fund uses a hybrid investment approach, linking best-in-class traditional hedge fund managers that can provide the potential for skill-based outperformance with robust alternative beta strategies — cost-efficient, rules-based strategies that seek to capture alternative sources of return across asset classes.
FS Investments has selected Wilshire Associates Incorporated (Wilshire) as the fund’s primary sub-adviser. Wilshire is a diversified global financial services firm dedicated to providing institutional investors with portfolios, analytics, research and investment consulting. Wilshire has over $1 trillion in advisory assets for over 500 pension, endowment and foundation clients in more than 20 countries globally.1
"This hybrid approach has redefined what a core alternatives allocation should be,” added Greg Bassuk, Head of Liquid Alternative Strategies at FS Investments. “With this new fund, FS Investments provides a single fund solution that leverages Wilshire’s leading hedge fund and alternative beta due diligence, asset allocation, rebalancing and risk management capabilities with FS Investments’ expertise in thoughtfully designing and delivering an institutional-quality product to individual investors.”
For further information regarding the fund please visit https://fsinvestments.com/investments/funds/fs-multi-strategy-i
About FS Investments
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth and focuses on setting industry standards for investor protection, education and transparency.
FS Investments is headquartered in Philadelphia, PA with offices in Orlando, FL and Washington, DC. The firm had more than $20 billion in assets under management as of June 30, 2017. Visit fsinvestments.com to learn more.
Forward-Looking Statements and Important Disclosures
This press release may contain certain forward-looking statements, including statements with regard to the future performance or operations of FS Multi-Strategy Alternatives Fund. Words such as “believes,” “expects,” “projects” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings FS Multi-Strategy Alternatives Fund makes with the U.S. Securities and Exchange Commission. FS Multi-Strategy Alternatives Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. FS Multi-Strategy Alternatives Fund is distributed by ALPS Distributors, Inc. (1290 Broadway, Suite 1100, Denver, CO 80203, member FINRA). ALPS Distributors, Inc. is not affiliated with either FS Investments or any of its affiliates.
An investment in FS Multi-Strategy Alternatives Fund involves a high degree of risk and may be considered speculative. Investors are advised to consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The fund’s prospectus contains this and other information about the fund. Investors may obtain a copy of the fund’s prospectus free of charge at www.fsinvestments.com or by contacting FS Investments at 201 Rouse Blvd., Philadelphia, PA 19112 or by phone at 877-372-9880. Investors should read and carefully consider all information found in the fund’s prospectus and other reports filed with the U.S. Securities and Exchange Commission before investing.
Investing in the fund involves risk, including the risk that a shareholder may receive little or no return on their investment or that a shareholder may lose part or all of their investment. The fund is subject to interest rate risk and will decline in value as interest rates rise. The fund may engage in leveraging and other speculative investment practices that may increase the risk of loss of investment, and accelerate the velocity of potential losses. In addition to the normal risks associated with investing, international and emerging markets may involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles or from social, economic, or political instability in other nations. The fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. This fund is new and has limited operating history.
Marc Yaklofsky / Kate Beers
FST000144, ED 10/11/2018
1 As of June 2017