Florida Firm Pushes Multi-Strat Fund Of Funds

Jun 16 2008 | 2:00am ET

The World Opportunity Fund, a Naples, Fla.-based fund of hedge funds, is marketing its 12-year-old fund of hedge funds and its offshore master feeder fund, which debuted in January, to conservative-minded investors.

The majority of the fund’s 40-odd managers employ relative-value and arbitrage strategies. Patrick Renda, vice president, said the firm’s long history and track record give it access to well-known hedge funds such as Maverick Capital, Pequot Capital Management and SAC Capital Advisers, which are otherwise closed to investors.

The fund also invests up to 10% of its portfolio in private equity via funds offered by Lehman Brothers, Credit Suisse, Pequot, DLJ and others.

“The way to invest through p.e. is through funds of funds because it gives them a direct and diversified exposure in a low-risk manner,” said Renda.

Year-to-date, the firm’s $60 million onshore fund is down 6.42% through May.

World Opportunity charges a 1.15% management and a 10% incentive fee, with a $1,000,000 minimum investment requirement.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

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

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note