Wednesday, 27 July 2016
Last updated 5 hours ago
Apr 17 2007 | 1:00pm ET
Octane Management BVI has appointed Culross Global Management as an investment advisor on a conservative risk fund of funds mandate. Culross will manage a separate account for Octane dubbed Octane Circa to mirror the Culross Global Fund, a global multi strategy fund of hedge funds.
The Culross Global Fund is a thematic vehicle invested in 34 underlying managers. Since inception in January 2000, the fund of funds has returned an average of 9.96% per year to investors net of fees as of the end of February.
This is Octane’s first European mandate, according to Lara Price, head of research, adding that Octane will issue another European fund of funds mandate sometime in the second quarter.
Culross Global Management is based London and was established in 1992. The firm’s two principals are Nigel Blanshard and Christopher Keen.
Octane tailors hedge fund of fund solutions for its institutional investor base by combining niche fund of funds. The firm currently manages some $1.3 billion in assets.