Article: Legg Mason, SSgA Launch First 130/30 Mutual Funds

BOSTON (HedgeWorld.com) - Legg Mason Inc. and State Street Corp. this week announced the launch of their first 130/30 funds for retail investors, a sign that these hybrids of traditional and hedge fund investing are gaining momentum among both institutions and individual investors.

State Street announced its new 130/30 mutual fund product on Thursday [Jan. 24]. Called SSgA Core Edge Equity Fund, it will trade under the ticker symbol SSCSX. While the new fund is not the firm's first 130/30 fund - SSgA launched its first strategy in 2004 - it is the firm's fist mutual fund in the 130/30 space.

Legg Mason's new fund, Legg Mason Partners 130/30 US Large Cap Equity Fund is sub-advised by ...

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