|
|
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...................... To view our full article Click here
|
|
RSS
