Nashville money manager launches alternative fund

Looking to take advantage of investors' hunger for alternative assets classes and desire to hedge risk, Brentwood-based Compass EMP has brought to market a mutual fund that invests in commodities, currencies and inflation-protected bonds, among other things. Like the other two Compass funds — the $22 million Conservative-to-Moderate Fund and $13 million Long-Term Growth Fund — the Compass EMP Alternative Investment Fund will put money to work primarily in exchange-traded funds.

SEE ALSO: ETF manager names president