Gateway Fund Bets on Volatility, Hedges Against Stock Decline

NEW YORK (TheStreet) -- Volatility spiked early this year as investors worried about a potential rate hike. That volatility has been decreasing because, among other reasons, the Federal Reserve is trying to keep investors -- and the market -- relatively calm, said Paul Stewart, portfolio manager of the Gateway Fund. However, he said, interest rates will eventually go higher.  The fund has climbed roughly 4% over the past year, lagging the S&P 500, which has rallied roughly 13% in the past 12 ...