Wednesday, 28 January 2015
Last updated 3 hours ago
Jan 8 2007 | 12:05pm ET
Zug, Switzerland-based Dighton World Wide Investments is readying its DynamiteF3, a Cayman Islands-domiciled fund of fund of funds, for launch in February, according to HedgeWorld. The new fund is a joint venture of Dighton and Steve Butlin, founder of Hope Analytics, a London-based consultancy.
DynamiteF3 will invest in both diversified funds of funds and single-manager hedge funds. The new vehicle will allocate a maximum of 40% of assets to individual hedge funds, with a maximum investment of 5% of assets to any multi-strategy fund and 3% to any single-strategy fund. There will be a minimum allocation of 60% to funds of funds, a maximum of 20% to any one hedge fund firm or fund of funds manager, and the maximum investment in any one fund of funds is limited to 15% of assets.
The new vehicle targets annual returns of 15% to 20%, an annual standard deviation below 6% and an annual Sharpe ratio above 2.5, according to Jürg Bühler, director of DWWI. It charges fees of a 1% management fee and 10% performance fee, with a $100,000 minimum investment requirement.
Bühler founded DWWI in 2002. He has 20 years of trading and investment experience, previously working at Salomon Brothers' fixed-income arbitrage group from 1998 to 2000 and at U.S. financial software consultancy Iris Financial as head of quantitative development from 2000 until 2002, when he founded Hope Analytics.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…