Thursday, 21 August 2014
Last updated 5 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the 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. Read more…
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 Editor's Note