Wednesday, 25 May 2016
Last updated 9 min ago
Dec 3 2010 | 6:59am ET
The Signet Group, a $1.7 billion fund of funds founded by Robert Marquardt, has signed a deal with the consulting and services firm Wilshire Funds Management.
Wilshire will provide transparent due diligence and risk monitoring support for Signet’s Global Fixed Income Fund and Emerging Opportunities Fund, including analysis of portfolio risk and manager-level investment guideline compliance.
Commenting on the deal, Signet chair Marquardt said, “Our investors will benefit from Wilshire’s ability to provide measurement support for our risk management system based on position-level data, enhanced risk aggregation, and mandate compliance monitoring for the underlying funds in our portfolios, as well as from their exceptional knowledge base and network of manager relationships.”
Marquardt might have been expected to respond with poetry—he’s achieved some notoriety this holiday season with a poem he included in the firm's Christmas card. Titled an “Ode (Owed) to Hedge Funds” it begins:
A black swan stretches, ready to stride,
But today he's lunch for the hedge fund lion pride.
A brown bear is started. Too, ready to play.
Now he's carrion, Signet fund-of-fund's vulture fund's prey.
Signet’s principal fund, the Signet Multi Manager SPC, was established in 1994. The firm has offices in the U.S., the U.K, continental Europe and Hong Kong.