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AltEdge Capital launches new Decorrelated Fund of Hedge Funds
AltEdge Capital, the hedge fund of funds manager, has launched a new fund of hedge fund portfolio on June 1st, 2007. The new fund, AltEdge Decorrelated, is designed to offer investors a correlation profile detached from equity markets over the long term. The new portfolio will sit alongside their existing equity dominant portfolio, AltEdge Directional as well as their fully diversified AAA rated global multi strategy fund, the AltEdge Balanced.
The AltEdge Decorrelated Portfolio is a globally diverse non-equity based multi-strategy fund of hedge fund run by the London based manager. “We have launched the Decorrelated Portfolio in response to our investors’ desire for a product that should have no correlation to equity markets following an equity bull market run for over four years”, says Chris Goekjian, CEO/CIO of Altedge.
“The AltEdge Decorrelated Portfolio will be broadly diversified across non-equity related strategies. The strategies will include credit, convertible bond arbitrage, commodities, Macro/CTA, quantitative equity market neutral and asset backed lending amongst others.“ Chris Goekjian goes on to comment.
Altedge Capital is a London based alternative investment manager founded in 2001 by Chris Goekjian, the former global head of fixed income and derivatives at Credit Suisse. AltEdge Capital’s flagship fund, the Altedge Diversified Fund SPC Balanced Portfolio was recently ra...................... To view our full article Click here
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