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By Benedicte Gravrand, Opalesque London:
Reyl Asset Management (RAM) has just announced the opening of their Resurgence Fund to external investors. The Fund has been trading with internal assets since April 2009 and returned +1.01% net to investors in May 2009, bringing YTD returns to +1.84%.
According to the firm’s announcement, the objective of the Fund is to provide consistent returns, through the allocation of capital to specialist investment managers that are ideally positioned to benefit from the dislocation created by the bear market and from the coming phases of the credit cycle. The managers are an experienced team that has already lived through market cycles. They manage new portfolios with no legacy positions and committed long term capital.
The Reyl Resurgence Fund joins the existing multi-manager range that has been in successful operation since 2003. Indeed, RAM manages a range of funds which includes alternative funds, directional equity funds, uncorrelated equity funds and bond funds.
The Reyl Alternative Strategies Fund returned + 0.65% net to investors in April 2009, bringing YTD returns to +1.23%. The Portfolio Manager’s personal note to investors included: “The fund remains strategically positioned with the same exposures … and we are not expecting any changes till the beginning of Q3, where we will redeploy some new capital. We have regularly met all redemption payments for Q1, and with the visibility that we have into June we see a trickle of new inflow...................... To view our full article Click here
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