|
|
From Kirsten Bischoff, Opalesque New York:
Canada-based hedge fund research firm Mountjoy Capital launches this week the Mountjoy 500, a fully investible portfolio product. The Mountjoy 500 is a direct result of the firm's recent completion of 500 hedge fund manager evaluations, and was put together by Mountjoy Capital founder Rene Levesque.
Opalesque has the opportunity to speak with Levesque about the portfolio, which invests across 14 funds. As more hedge fund investors look to third party consultants for additional research and due diligence insight Levesque is looking to offer a further step beyond manager screening. He sees the new portfolio construction product as a compelling offer for investors with a portable alpha mandate (the portfolio's back-tested returns include +12.63% in 2009 and +11.38% in 2008 - using real net returns reported by the underlying funds) or as a dedicated hedge fund basket within a larger portfolio.
The portfolio is comprised of 13 equally weighted hedge funds and a fourteenth fund that is double weighted as it represents an allocation into 4 funds offered by a single firm that Levesque points out have very low cross correlations to each other. The strategies represented are discretionary global macro (27%), systematic global macro (13%), equity long/short (33%), multi asset (20%) and convertible arbitrage (7%).
The funds selected for the portfolio a...................... To view our full article Click here
|
|