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Alternative Market Briefing

Shaked Capital offers a fresh take on fund of funds

Friday, October 05, 2018

Bailey McCann, Opalesque New York for New Managers:

Investing in emerging managers can be difficult. Typically, these funds have a limited track record and their small size can make them a tough sell for investors with big tickets. Miami-based Shaked Capital is trying to make the process easier by offering access to several emerging managers in a fund of funds structure. Managing member Amir Shaked says the structure limits some of the heavy lifting when it comes to finding and diligencing managers, while also providing institutions with a way to deploy larger single investments.

Shaked looks for managers that have at least $50 million AUM and track records of 1-8 years. For managers to be included in the fund of funds, they have to fit within two frameworks. The first is a basic quantitative evaluation of performance and the second is a proprietary qualitative overlay that looks at whether a strategy is sustainable. "We want to be able to understand how managers arrive at their decisions and if a manager is leaning entirely on a computer that is a red flag for us. So it's a bit of an art and a science," Shaked tells Opalesque. "We have very mainstream strategies in our fund and the managers execute them just like everyone else, but they are just better at it."

The resulting mix in the Shaked Opportunity Fund includes long/short equity, event driven, relative value and arbitrage str......................

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