Monday, 30 March 2015
Last updated 2 days ago
Sep 23 2010 | 4:53pm ET
Portland, Oregon-based Bandon Capital Management has launched a new alternative investment fund.
The new vehicle—the Bandon Absolute Return Core fund—is a liquid, multi-strategy investment platform that provides diversified alternative exposure in a single separate account, available to both accredited and non-accredited investors.
According to the firm, the strategy provides equal exposure to Bandon’s two single strategy liquid alternative investment approaches in one, single account—Bandon’s Directional Interest Rate Strategy, which is an active duration, absolute return strategy focused on U.S. Treasury securities, and the Bandon Hedged Equity strategy, which is a long-short equity strategy comprised of a concentrated, high-conviction long portfolio and a broad market hedge.
The new Absolute Return Core strategy offers daily liquidity, transparency, a low minimum investment of $75,000 and 1099 tax reporting. The strategy is offered predominately as a separately managed account but is also available as a Unified Managed Account and in sub-advisory relationships.
“It became clear to us that advisers wanted one, all purpose alternative strategy in a convenient delivery vehicle, much the way a fund of hedge funds provides diversified alternative exposure to significantly larger investors. Given the diverse nature and low correlation of our two single strategies, they combine to provide compelling alternative exposure, while maintaining low correlation to traditional equity and fixed income benchmarks” said Bill Woodruff, Bandon’s founder and president.
Bandon has been managing accounts in the Absolute Return Strategy since December of last year and is up 3.32% year-to-date through August versus -6.58% for the S&P 500 and -0.30% for the HFRI FoF index.
“Advisers and investors continue to be wary of long only strategies and are keenly attuned to downside risk and the high correlation among markets. Absolute return strategies that protect capital and are not dependent on traditional market movements to generate positive returns are increasingly becoming an important part of investor portfolios,” Woodruff.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…