Hancock Holding launches new investment fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments.

Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be an alternative for investors who have seen diminishing returns from traditional income-producing investment products as interest rates have declined.”

The new fund will invest in a mix of master limited partnerships (MLPs), dividend paying stocks, real estate investment trusts (REITs), preferred stock and high-yield bonds. Fund managers at Hancock Horizon Funds (HHF) said they have flexibility to add other assets as deemed strategic.

To lead the Diversified Income Fund, the Hancock Horizon Funds has tapped 20-year investment industry veteran Greg Hodlewsky, CFA.