Monday, 20 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...