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Michael Azlen Benedicte Gravrand, Opalesque Geneva:
Following rising demand from Swiss and European family offices and institutions, Frontier Investment Management has launched Euro and Swiss Franc share classes for its FrontEdge Global Hedge Fund, a fund of funds that blends direct hedge fund investments and synthetic replication. So the Fund now offers Sterling, US Dollar, Euro and Swiss Franc share classes.
Launched in September 2008 and made available to external investors in April 2009, FrontEdge Global Hedge Fund combines investments across over 50 single hedge fund managers, segmented across strategy, size and geographical focus with a significant allocation to a proprietary blend of synthetic replication strategies. Single manager risk is minimised by holding only a small amount with any one manager, while synthetic replication strategies reduce cost and increase liquidity.
The fund was down -1.10% in June, and up 0.03% YTD - annualising 5.1% since April 2009. Its managed futures, global macro, multi-strategy and event driven managers were down, but the equity market neutral strategy provided positive performance in June. And the synthetic replication blend within the Fund was itself down 0.69%. Meanwhile, the HFRI Fund of Hedge Fund index returned -1.50% in June and -0.45% YTD.
"Many investors recognise the benefits of including hedge funds in a diversified portfolio, with their ability to lower volatility and increase risk-adjusted returns," said Mic...................... To view our full article Click here
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