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Benedicte Gravrand, Geneva: We learned earlier this month that the $53m SB Schonfeld Active Managers Fund (onshore and offshore), launched in November 2007, had kept its head above water with a performance of +0.68% in January, and +2.65% in 2007 (coverage.) The fund managers gave Opalesque an overview of what the fund entails.

The fund invests in active trading managers that the Schonfeld Group, which has been in the active trading space for 20 years now, assesses through quantitative and qualitative approaches. It has allocated capital to ten of the most successful managers. Schonfeld’s managers intend to manage the fund as their underlying managers do; actively. They claim the fund may provide positive performance at times of market stress and high volatility and that it exhibits low correlation to the US equity markets’ performance. There is no use of leverage and the target is 18-22% return p.a. It is managed by the group’s New York-based fund management affiliate, SB Schonfeld Fund Advisors LLC, which has over $200m committed to the strategy.

The HFRI Fund of Funds Composite index returned -2.93% and the Edhec Alternative Funds of F......................

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