Wednesday, 27 August 2014
Last updated 50 min ago
Jul 2 2008 | 2:00am ET
Bedrock Alternative Asset Management in May launched its Global Diversified Fund, a fund of funds covering private equity, hedge funds, real estate and commodities, combined with traditional stock and bond investments.
The fund will invest in a 15 to 25 underlying hedge fund managers, with exposure to event-driven, long/short equity, managed futures, global macro distressed, volatility and emerging markets strategies.
Some 70% of its portfolio is weighted toward hedge funds, followed by equities (19%) and cash (8.4%). The firm is limiting its p.e. and real estate exposure to no more than 15% and commodities at 10%.
The US$65 million fund finished its first month of trading up an estimated 0.68%. Its hedge funds sub-portfolio was the strongest contributor to its performance in May, providing almost two-thirds of its gains, according to the firm.
“Within this sub-portfolio, multi-strategy and event-driven managers were the strongest performers as liquidity returned to markets and credit spreads tightened. Special situation equities were also very profitable in May. Global macro and managed futures funds were also strong performers as they benefited from the continuing surge in oil prices.”
The Global Diversified fund charges a management fees of 1% for Class A shares and a performance fee of 10%. Its minimum investment requirement is $3 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...