TCW Launches Maiden Alternative Mutual Fund

Los Angeles-based ​Asset management firm TCW Group has partnered with Gargoyle Investment Advisor to launch its first alternative mutual fund, the TCW | Gargoyle Hedged Value Fund. The fund, which is advised by TCW and sub-advised by Gargoyle, seeks long-term capital appreciation with lower volatility than a stand-alone stock portfolio by buying undervalued stocks and selling overpriced index call options.