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Products February 7, 2011
Turner Brings Out Three Long/Short Funds
February 7, 2011 (PLANSPONSOR.com) – The Turner Funds is introducing three new alternative, or long/short, stock mutual funds.
Reported by PLANSPONSOR staff
A news release said the funds seek to capitalize on rising stocks in their long positions and on declining stocks in their short positions. The three new funds include:
- Turner Market Neutral Fund, managed by Matthew Glaser, contains a balance of long and short investments in different stocks across all major market sectors. The fund has Institutional Class shares (ticker symbol: TMNEX), Investor Class shares (ticker symbol: TMNFX), and Class C shares (ticker symbol: TMNCX). Glaser, chief of investment strategies and executive managing director, joined Turner in 2007. He previously worked for Susquehanna International Group.
- Turner Medical Sciences Long/Short Fund, managed by Vijay Shankaran, is a diversified fund of long and short investments in health-care companies of all market capitalizations. The fund offers Institutional Class shares (ticker symbol: TMSEX), Investor Class shares (ticker symbol: TMSFX), and Class C shares (ticker symbol: TMSCX). Shankaran, who is a medical doctor and holds a doctorate in immunology, is a senior portfolio manager/global security analyst. He came to Turner in 2006 from Caxton Associates.
- Turner Titan Fund, managed by Christopher Baggini, is a global, diversified fund of long and short investments in all major market sectors, with a focus on large cap-stocks. The fund offers Institutional Class shares (ticker symbol: TTLEX), Investor Class shares (ticker symbol: TTLFX), and Class C shares (ticker symbol: TTLCX). Baggini, senior portfolio manager/global security analyst has been with Turner since June of 2010.
The minimum initial investment in the three funds is $100,000 for Institutional Class shares and $2,500 for Investor Class and Class C shares. For Individual Retirement Accounts, the minimum initial investment is $100,000 for Institutional Class shares and $2,000 for Investor Class and Class C shares.
For more information go to www.turnerinvestments.com/fundinfo.
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