FIM’s FoF Breaks Billion Dollar Mark

Jan 19 2007 | 5:33am 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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...