Two Become One In New Doherty Managed Account Product

Jun 30 2011 | 1:29pm ET

Doherty Advisors is set to offer investors interested in both its flagship and its new tail-risk fund a one-stop shop.

The New York-based volatility arbitrage firm is set to launch a new managed account program combining the two funds at the beginning of next month, HFMWeek reports. KBD Relative Value Plus will be available in both an onshore and offshore version and is expected to debut with $45 million from family offices and funds of hedge funds.

Those investors will get a piece of both Doherty's gamma-neutral KBD Relative Value Volatility Strategy and its long-gamma Grey Swan Equity Hedge Strategy, which launched last year. The latter fund invests in long put and put spreads on Standard & Poor's 500 Index options. The firm's flagship is up 0.6% this year through May.

The new managed account platform, which has a $1.5 billion capacity, will offer monthly liquidity with no lockup. It will charge 2% for management and 20% for performance with a $1 million minimum investment requirement. Barclays Capital and Newedge will serve as prime brokers.

Doherty has $414 million in total assets, including $338 million in its flagship.


In Depth

Q&A: SkyBridge’s Anthony Scaramucci Readies For Wall Street Week Debut

Apr 16 2015 | 12:56pm ET

Anthony Scaramucci, founder and managing director of asset management firm SkyBridge...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note