Hedge Fund Honcho Preps Multi-Strat Portfolio

Oct 25 2007 | 10:51am ET

Jürg Bühler, co-founder of Zug, Switzerland-based Dighton World Wide Investment, is readying a multi-strategy, de-levered version of the firm’s US$100 million Dighton Funds SPC. The new strategy will launch within a few weeks with between US$20 million and US$30 million in assets.

The Dighton Funds, a discretionary, counter-trend following strategy that trades most of the liquid U.S. futures markets, including currencies, stock indices, energy and other commodities, returned 61% last month and is up 38.22% year-to-date. Its biggest drawdown year-to-date was in April, when it dropped 36.2% for the month. About 40% of the strategy is currently traded in a fund format, with the rest in managed accounts.

The new strategy will utilize about one-third of the leverage of its predecessor strategy, freeing it to invest the remaining balance in double-A- and triple-A- rated short maturity fixed-income instruments, according to Bühler. Co-founder Alex Moiseyev is the portfolio manager for the de-levered fund.
 
“The de-leveraged version of our trading will attract institutional investors,” said Bühler. “Most institutional investors have limited risk appetite and are looking for 15% to 20% per annum, and will be more comfortable risking only about 10%. We had many funds of funds and banks look at our product and liked it because it is uncorrelated to other hedge funds and CTAs, but they could not invest because the volatility was too high for them.”


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.