Thursday, 27 April 2017
Last updated 4 hours ago
Jun 4 2008 | 12:47pm ET
Luxembourg-based VAM Funds in April unveiled its first hedge fund product, a multi-strategy fund of funds.
The VAM Alternative Strategy Fund began trading with US$11 million and ended its first month up 0.57%.
Its portfolio is heavily weighted to relative-value strategies, which make up 55% of its holdings, followed by event -driven (20%), macro (13%) and equity hedge (12%). Its top five positions include Trafalgar Capital Specialized Investment Fund, FMG Select Fund, Cassiopeia Fund, Drawbridge Global Macro Fund and Valens Offshore Fund.
In April, the best performing underlying manager for the fund was the CAT Gryphon Fund, a multi strategy fund, (up 2.23%), followed by Trophy LV Fund (up 2.22%), a long/short equity China-focused fund.
The fund has a minimum investment requirement of $10,000, € 8,000 or £5,000.
VAM was founded in 2001 and manages a slew of long-only and property funds.