Alternative mutual funds are currently one of the fastest-growing asset classes.

Mario Gabellis GABCX ABC Fund provides steady market neutral returns for investors looking for alternatives to typical bond funds.

GABCX has returned clients a 5.21% CAGR since 1994 by purchasing shares of a target company in a publicly announced acquisition, and shorting stocks of the acquiring company.

Alternative mutual funds seek to mimic popular hedge fund strategies such as market neutral, event-driven, distressed debt, and merger arbitrage in order to achieve alpha. The minimum initial investment amounts of major hedge funds make