Natixis Global Asset Management has launched the Aurora Horizons Fund - a multi-strategy mutual fund allocated across multiple hedge fund managers.

The firm said the fund may help investors achieve additional risk diversification within a traditional long-only portfolio of stocks and bonds by providing diversified exposure to alternative strategies.

The fund is managed by Chicago, IL-headquartered Aurora Investment Management and allocates across sub-advisors that use alternative strategies including long/short equity, long/short credit, event-driven, short-biased and macro.

Headquartered in Paris and Boston, MA, Natixis Global Asset Management has a presence in Europe, the US and Asia.