Fund Of Hedge Funds Firm Sees Growth In Managed Accounts

Oct 7 2009 | 9:59am ET

Fund of hedge funds manager Lighthouse Investment Partners announced today that its managed accounts program has grown to include 80 distinct investments with over $2 billion in capital.  

Overall, Lighthouse manages six products that are exclusively comprised of proprietary managed accounts in multi-strategy, equities and managed futures. Current investment strategies include equities, credit, fixed income and commodities, which enabled the firm to launch its first multi-strategy fund dedicated to managed accounts in January of this year. 

“We have taken thoughtful, proactive steps in developing the necessary infrastructure and internal controls for our proprietary structure. Our independent managed account program has been integral to our investment strategy since 2005, and we believe we have built the size, scale and reach that our global institutional investors are demanding,” said Sean McGould, president and co-chief investment officer of Lighthouse. 

“Investors are expecting better transparency, asset protection and flexibility from their hedge fund investments and fund of hedge fund managers,” said Kelly Perkins, co- chief investment officer of Lighthouse. “Our long term experience in risk management and investment due diligence combined with our unique structure helps us in achieving those objectives for current and prospective investors.”  

Lighthouse Investment Partners, which was founded in 1999, is a fund of hedge funds investment adviser managing approximately $5 billion for institutional and private investors with offices in Florida, Chicago, New York, London and Hong Kong.  

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