I believe the answer is no.
Alt trading is a pretty risky albiet sometimes rewarding business.
It would be hard for someone to develop a solid security fund operating around alts due to the risks they present.
Like said above, if you want to try your luck with alts it's best to just have a go yourself and open an account at btce or cryptsy.
The two community funds I know of which deal in altcoin invetsment are #1 LTC-ATF and LTC-ATF.B1 which operate on LTC-GLOBAL, and #2 BMF, which is not approved for trading yet (but you can buy and sell shares in it manually, if you send me a PM). I run BMF. I'm not aware of any others that specifically invest in and/or trade LTC.