Thursday, 28 August 2014
Last updated 14 min ago
Apr 12 2007 | 1:35pm ET
Russell Investment Group this month launched the Global Directional Strategies Fund, an institutional fund of funds that blends equity long/short with opportunistic strategies.
The germ of the new offering was the firm’s research identifying hedge funds, specifically funds of funds, as the leading alternative investment choice for investors outside of the U.S. According to Russell, funds of hedge funds are by far Europe's preferred access route, with 74.4% of European hedge fund assets invested in funds of funds.
Jon Bailie, managing director, alternatives investments, stated: “Given the more stable returns patterns and lower risk profile provided by the intelligent amalgamation of strategies and managers, it is not surprising that the fund of funds approach has proved the most popular among European institutions.”
“Russell has researched money managers since 1969 and has been analyzing hedge funds since 1987,” said Damian Barry, portfolio manager of the Global Fund. “This experience allows us to respond to the changing dynamics of hedge fund investing today with the benefit of a long institutional memory. It is backed up by a team of dedicated alternative investment analysts who, in 2006 alone, met face-to-face with 806 hedge fund managers.”
Specifics about the Global Fund’s fee structure, number of underlying managers and equity at launch were unavailable at press time.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...