Local Investment Group Hits Big Mark

MarketWatch is reporting that in just six months the Litman Gregory Masters Alternative Strategies Fund has surpassed $250 million in net assets.

Litman Gregory Fund Advisors, LLC is based in Larkspur and also has offices in Orinda.

According to a release by Litman Gregory:

"Demand for the fund continues to exceed our expectations," said Ken Gregory, Chief Investment Strategist and Founding Partner of Litman Gregory. "We, like a lot of other investors, believe that the investment environment will remain at an elevated risk level for a number of years. Alternative strategies that seek to offer relatively low correlation to stocks and bonds, relatively low risk, and the potential for above average risk-adjusted returns may be appealing. This fund provides investors with access to world-class managers of alternative strategies, at a reasonable cost, in a public mutual fund structure. The multi-manager structure is a particularly appealing feature of this fund."