FIM’s FoF Breaks Billion Dollar Mark

Jan 19 2007 | 6:33am ET

Attention hedge fund managers! Another hedge fund of funds has officially joined the billion-dollar club. U.K.-based FIM Advisers’s flagship low-volatility fund of funds, FIM Long-Invest, has broken $1 billion in assets as of Dec. 31, 2006.

The fund had a “very positive” 2006 despite difficult market conditions during the middle part of the year, according to the firm, which said that since inception 10 years ago, the fund has achieved 88% “up” months and only 17 “down” months.

Federico Ceretti, CEO, said, “10 years ago, when FIM Long-Invest was launched, we were convinced that the low volatility investment approach was the best way to optimize returns on a risk-adjusted basis. Today this belief has not changed, and we feel that FIM’s low volatility investment philosophy will continue to be highly rewarding for investors”.

FIM, which was established in 1981, specializes in the creation, management and servicing of portfolios of hedge funds for institutional and private clients. Today, the group manages and advises on some $2.6 billion of investments.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of