Bishop Asset Management’s president and co-founder, Rob Steele, is planning to launch three new mutual funds, MutualFundWire reports. The planned funds include a vehicle focusing on small caps, one on emerging markets and one on Treasuries.

Bishop had previously launched its Bishop Volatility Flex Fund, in November 2010, which expects to gather about $100 million by the summer of 2011. The new vehicles funds will employ volatility monetizing strategies to the original fund.

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