One Way to Get Steady Returns -- and Hedge Fund Exposure

It's important to be open to new investment products that could help you boost your portfolio.

I came across an interesting one recently -- Dexion Absolute Limited(DXALF Quote), a closed-end fund that is an actively managed fund of hedge funds, traded in London but also available in the U.S.

Dexion Absolute's goal is to offer a steady return, regardless of what the stock market is doing. This should mean that during bear markets it would outperform -- but during a strong bull market, a fund like this would lag.

As of March 1, Dexion Absolute allocated 34% to long/short, 21% multistrategy opportunistic, 12% hedged and 11% each to long/short credit, activist and macro. In all, the fund used 52 managers as of that date. ...