Finvest To Pump $300M Into Funds of Hedge Funds

Oct 17 2008 | 11:05am ET

Zurich, Switzerland-based Finvest Asset Management has been awarded a US$300 million mandate from a European institutional investor for the fund of funds arena, as part of a low risk strategy to capitalize on the pullback in the market. 

Allocations will be made to funds which have a track record of at least three years and which are targeting between 10 to 15% per annum. Additionally, Finvest will also look at funds of funds that may have sustained drawdowns. Although many investors are running for the hills, and fund redemptions are occurring at an unprecedented rate, Finvest says its initiative, “demonstrates that level headed investors are taking a long term view, and appreciate that while caution is not out of place, the markets will ultimately achieve a platform of stability.”
 
Finvest portfolio strategist Mayer Greenwald admits that the decision to allocate to hedge funds goes against the current trend, but says there is a tremendous amount of upside in the fund of funds space, providing that portfolio managers apply the appropriate risk management.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note