Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Bedrock launches multi-strategy FoHFs investing solely in Brazil

Monday, March 01, 2010
Opalesque Industry Update - Bedrock Group, the Geneva-based wealth and asset manager, this week launches Bedrock Brazil with $50m of commitments. The Fund is a multi strategy fund of hedge funds offering investors unique low cost access to leading Brazilian funds – some of which are closed to new investors.

The Fund will be advised by Bedrock Advisors working in partnership with one of Brazil’s leading asset and wealth managers, JGP, who will provide local support and market access. Bedrock brings to the table its own investment philosophy and process resulting from years of experience in asset management, proprietary trading and allocating to, as well as managing, its own stable of hedge funds and fund of hedge funds.

The Fund’s objectives are to allow investors seeking long term capital growth the opportunity to participate in Brazilian markets and to achieve excellent risk-adjusted returns by minimising the correlation among investments in the portfolio. It will achieve this through the expertise and deep local knowledge of JGP Wealth Management, combined with a disciplined investment process and rigorous risk management procedures.

Bedrock Brazil’s five main strategies consist of Macro, Equity Long-Short/ Long Bias, Equity Long Only and Multi Strategy. A pro-forma model of the Fund since July 2006 suggests performance and ahead of key equity market and hedge fund indices. It generates these returns with volatility levels far lower than equity markets and largely in line with hedge fund indices.

Daniel Page, MD of Business Development at Bedrock RealTime SA, comments on the case for investing in Brazil:

“The case for investing in Brazil is a clear and compelling one. Brazil withstood well the adverse impacts of the global credit crunch and the sudden fall in commodity prices and demand for exports. Structural soundness and anti-cyclical policies softened the impact of a global recession, allowing Brazil to benefit from improved economic, financial and fiscal positions versus developed economies and suggesting further room for continued growth. The Manager predicts that the lagged impacts of fiscal and monetary stimuli are pushing Brazil further into a strong cyclical recovery and that 2010 GDP growth could exceed 5%. We have seen strong pre launch interest and are proud to welcome Bedrock Brazil Fund to our platform.

FUND DETAILS:

Fund Manager: Bedrock (GCI) Ltd
Investment Advisor: Bedrock Advisors SA
Investment Sub-Advisor: JGP Wealth Management
Main Fund strategies: Macro, Equity Long-Short/Long Bias, Equity Long Only, Multi- Strategy
Target return: 10%-15%
Initial strategy allocation: Macro 50%; Equity Long-Short/Long Bias 40%, Event Driven 10%
Currency: USD, Euro
Min Investment: (Class P): USD 100,000, or Euro equivalent for Euro class
Min Investment (Class I): USD 1,000,000 or Euro equivalent for Euro class
Fees (Class P): 1.75% pa and 10% performance fee (high water mark)
Fees (Class I): 1.25% pa and 10% performance fee (high water mark)
Subscriptions: Monthly
Redemptions: Quarterly with 46 days notice and no penalty, or, optionally, monthly with 35 days notice with 3% penalty
Lock up: None
Gate: 25% of the share class for any redemption date
Domicile: Cayman Islands
Adminstrator: Citco Fund Services
Custodian: Citco Bank NV Nederlands

Corporate website: www.bedrockgroup.co.uk

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t