Litman Gregory Launches Alternative Strategies Fund

Fund Combines Complementary Alternative Strategies of Four Veteran Managers

LARKSPUR, Calif.--()--Litman Gregory Fund Advisors, LLC, an affiliate of fee-only investment advisory firm Litman Gregory Asset Management, today announced the launch of Litman Gregory Masters Alternative Strategies Fund (MASFX, MASNX), a no-load, multi-manager, multi-strategy mutual fund that offers investors diversified exposure to alternative and absolute return-oriented strategies.

The fund comprises four distinct strategies that draw on the specialized expertise of four managers:

  • DoubleLine Capital: Jeffrey Gundlach - Opportunistic Income
  • FPA: Steven Romick, Brian Selmo, Mark Landecker - Contrarian Opportunity
  • Loomis Sayles: Matt Eagan, Kevin Kearns, Todd Vandam - Absolute-Return Fixed-Income
  • Water Island Capital: John Orrico, Todd Munn, Roger Foltynowicz, Gregg Loprete - Arbitrage

Manager allocations will typically be equally weighted, but Litman Gregory may at times choose to tactically alter managers' allocations to take advantage of compelling opportunities within a specific strategy or to further manage risk.

"Litman Gregory Masters Alternative Strategies Fund blends what in our view are four exceptionally talented managers who have highly specialized, complementary approaches," said Chief Investment Officer Jeremy DeGroot. "Our extensive due diligence process has given us a deep understanding of how these managers can add value as well as a high degree of confidence in their abilities. We created the fund to offer all investors what we feel is a unique risk-aware investment vehicle that could produce income and capital appreciation, with a strong focus on capital preservation. Since the fund managers' investment results are not driven by the same risk factors, the portfolio should benefit further from this diversification. Moreover, our multi-manager structure allows us to maintain the fund’s risk-management objectives while providing the managers significant flexibility to pursue higher long-term returns."

About Litman Gregory

Litman Gregory Fund Advisors, LLC is the advisor to the Litman Gregory Masters Funds and as such is responsible for sub-advisor due diligence and selection, day-to-day coordination with the sub-advisors, monitoring the individual performance and capabilities of the investment managers, and fund administration. Since 1987 the Litman Gregory team has researched, analyzed, and written about hundreds of stock-picking teams and mutual funds and put their ideas to the test by designing and successfully investing in portfolios of funds. Drawing on insights gained from years of evaluating and analyzing mutual funds, Litman Gregory Fund Advisors, LLC is uniquely qualified to oversee the funds’ operations. Litman Gregory Fund Advisors is an affiliate of three other separate but related Litman Gregory companies, all based on the core expertise of investment-manager and asset-class research and selection: Litman Gregory Asset Management, LLC, which has provided investment management services to individuals, family groups, foundations, and endowments since 1987; Litman Gregory AdvisorIntelligence, a web-based investment research service for financial advisors; and Litman Gregory Managed Portfolios.

While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.

Diversification does not assure a profit or protect against loss in a declining market.

The funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-960-0188, or visiting Read it carefully before investing.

Though not an international fund, the fund may invest in foreign securities. Investing in foreign securities exposes investors to economic, political, and market risks, and fluctuations in foreign currencies. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in mortgage-backed securities include additional risks that investor should be aware of including credit risk, prepayment risk, possible illiquidity, and default, as well as increased susceptibility to adverse economic developments. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. Merger arbitrage investments risk loss if a proposed reorganization in which the fund invests is renegotiated or terminated.

The Litman Gregory Masters Funds are distributed by Quasar Distributors, LLC.


Hewes Communications, Inc.
Tucker Hewes, 212-207-9451

Release Summary

Litman Gregory today announced the launch of Litman Gregory Masters Alternative Strategies Fund, a multi-manager mutual fund that offers investors diversified exposure to alternative strategies.


Hewes Communications, Inc.
Tucker Hewes, 212-207-9451