Cumberland Private Wealth Management’s CIO, John Wilson, has set up a new fund that will invest in technology and will offer diversification to clients, The Wall Street Journal reports. The Market-Neutral Fund has been launched for high-net-worth and institutional investors. The fund, which will earn a positive absolute return, will limit market and liquidity risks by exploiting pricing inefficiencies across public markets. The fund may use offsetting long and short positions in a selection of technology stocks, hence reducing overall market and specific industry risks.
Click here for the story from The Wall Street Journal.