Olympia Launches Half-Index, Half-Fund Of Funds Product

Mar 19 2010 | 10:18am ET

Fund of hedge funds shop Olympia Capital Management has launched a new vehicle that is part fund of funds, part hedge fund index.

The Olympia Dynamic Fund will invest half of its assets like a of fund of funds, picking between five and 10 managers to manage accounts for it. But the other half of its assets will be placed with a hedge fund tracker, making it much more liquid than a normal fund of funds.

“Investors were unhappy that in 2008 some funds of funds were not dynamic enough and not fast enough in cutting risk,” Guido Bollinger, chief investment officer, told Financial News.

The $3 billion firm will choose among global macro, managed futures, event-driven, credit and equity long/short hedge funds for its managed accounts portfolio, depending on the market environment. It will also be able to short the hedge fund index, as well as going long, depending on market conditions.

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...