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J. & W. Seligman Will Open Funds with Asset Allocation Strategies


J. & W. Seligman & Co. of New York is planning a new series of four mutual funds that will make use of proprietary asset allocation strategies the firm has developed, according to an SEC filing.

The Seligman Time Horizon/Harvester Series will consist of four funds-of-funds that will invest in other Seligman mutual funds, the filing said. They will be managed by Charles W. Kadlec, chief investment strategist with the firm, who developed the asset allocation methods.

Three of the funds in the series, the Seligman Time Horizon 30, Time Horizon 20 and Time Horizon 10, make use of The Seligman Time Horizon Matrix, an asset allocation strategy. The numbers in each fund correspond to the number of years over which an investor would want to meet his investment goals, the filing said.

The Seligman Time Horizon Matrix makes portfolio recommendations annually, and as a person gets closer to his investment goal, the matrix will move the fund from a more volatile to a less volatile portfolio, the filing said.

The fourth new fund planned is the Seligman Harvester Fund.