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

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...