London Firm Launches Multi-Strat Fund

Sep 4 2008 | 11:27am ET

London-based Psigma Investment Management is launching a multi-strategy fund investing in investment trusts, hedge fund of funds and exchange-traded funds next week, it said.

Tom Becket, manager of the PSigma Balanced Managed Fund of Funds, said the portfolio will begin with a total of about 40% in equities, skewed towards international markets. Becket added that he currently favors the healthcare sector because of its short-term defensive characteristics and longer-term growth potential and said the fund will invest in Polar Capital’s Healthcare Opportunities fund to gain exposure to the sector.

On the credit front, Becket said the current dislocation in the space is making for “fantastic long term opportunities” and he is optimistic about the attractive yields to maturity on investment grade financials bonds.

“We believe that the experiences of Northern Rock and Bear Stearns show that the Bank of England and the U.S. Treasury have decreed the banks as ‘sacrosanct’, so there is virtually no chance of bond holders not getting back their capital invested,” he said.

The fund charges a 1.5% management fee and its minimum investment requirement is £10,000 (US$$17,769).


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...