Russell’s New FoF Targets Institutions

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. 


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.