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Benedicte Gravrand, Geneva: Why should you invest in a FoHFs? What are the recent developments in the FoHFs space? What makes a fund of hedge funds successful? These topics have been explored in our Monday series on funds of hedge funds.

MVP Fund of Funds Ltd is managed by MVP Asset Management, a firm with offices in California and in London (MVP stands for Monetary Value Protection). The fund offers 3 share classes; A $ shares, B GBP shares, C EUR shares and is BVI-domiciled. MVPAM employs a proprietary model that dictates the underlying fund selection process and undertakes rigorous ‘bottom-up’ research when screening for prospective investments. The MVP fund offers manager and strategy diversification, invests on a global basis and operates in the ABL space – it does not hold any L/S equity fund in the portfolio. Its objective is to deliver a return of 8-12% p.a.

The A $ share class, the first one, was launched in July 2004 and has the peculiarity, like the other two share classes, to have had no down month. It has returned 48.4% since inception, 12.56% annualised (to October 2007). The fund was ranked among the top 10 offshore funds – by sharp ratio of the past 38 months and the past 12 months – by BarclayHedge in August.

Michael Stratford, MVP’s British-born CEO based in the US offices, spoke to Opalesque about what he believes are the rules to follow when it comes to managing FoHFs.

(1) No down month......................

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