Thursday, 24 July 2014
Last updated 12 hours ago
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.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…