Dighton Launches ‘Dynamite’ Fund

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.


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