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Opalesque Exclusive: The third layer, Gregoire Capital launches sixth fund-of-funds-of-funds
Kirsten Bischoff, Opalesque New York: Gregoire Capital, the NJ-based investment manager with approximately $1 bln in assets runs 8 products in its fund-of-funds-of-funds strategy. Yes, that is correct, fund-of-funds-of-funds. The very description has a way of sounding like a large, slow moving beast. However, much like the sleeker name “F3” which Gregoire has trademarked, their flagship DHS F3 product has been agile enough over the past decade to post net annualized returns of approximately +10%.
F3 structure
Gregoire was founded as an investment advisory firm in 1994 by James Gregoire C.F.A., former CFO of Prudential Insurance’s Capital Management Group. In 1998 the firm became an asset advisor, added co-Manager Scott Wolfel C.F.A., and began managing the F3 products. More recently, Guy Haselmann, formerly of Barclays joined the team to share portfolio management duties.
Typically each of the F3 products allocates to 8-10 fund of funds, which in turn have allocations into an average of 25-40 single strategy hedge funds, thus providing the F3 portfolios with exposure to a collection of several hundred hedge funds. According to database listings current YTD returns are approx -2.28%, but Gregoire Capital funds’ historic performance does not include any down year.
Interestingly, the extra ...................... To view our full article Click here
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