WR Capital Offers Multi-Strat Fund Of Hedge Funds

Apr 10 2008 | 2:00am ET

Stamford, Conn.-based WR Capital Management has been busy of late ramping up its fund of hedge funds portfolio. The $388 million firm, which launched the WR Select Fund in November, recently unveiled the WR Select Enhanced Fund, a multi-strategy fund of hedge funds, with $197 million.

According to fund documents obtained by FINalternatives, the fund invests in “seasoned managers who have undergone extensive due diligence and employ disciplined risk management processes.”

“We try to choose funds that performed well in months, periods and years when the markets were under stress and hedge funds generally did poorly. Each manager exhibits low correlations to both the market and our other managers. The fund’s exposures exist on a global basis and across multiple asset classes resulting in maximum diversification.”

WR Capital did no return calls for additional comment before press time.

The firm’s fund of funds portfolio also includes the Market Neutral Master Fund, a $230 million fund that launched in October 2006. At the time, the fund was framed as “a next generation multi-manager fund of funds combining the strengths of a fund of funds and utilizing managed accounts for active risk management-sector constraints and common factor constraints applied at the master fund level to maintain a market neutral exposure in all market environments.”


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR