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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note