Saturday, 29 August 2015
Last updated 23 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…