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Alternative Market Briefing

SureFire Capital's multi-strat fund of funds stands out in a challenging year

Wednesday, December 30, 2020

Bailey McCann, Opalesque New York for New Managers:

An emerging fund of funds from Montreal-based family office SureFire Capital is topping performance award lists in 2020.

SureFire Multi-Strat has posted double-digit returns this year through its combination of niche strategies that trade across asset classes. The fund uses a range of strategies including short-term long/short; pair trading, opportunistic credit and market neutral among others. The approach recently topped Preqin's list of outperformers for the year.

The fund invests in underlying managers through separately managed accounts. "We want to have complete transparency into the strategies," explains Ariel Shlien, CEO of SureFire Capital in an interview with Opalesque New Managers. "The separately managed account structure also allows us to get better terms and keep fees low." In addition to investor-friendly terms, SureFire has also waived the management fee for the fund.

According to Shlien, the overall goal is to provide investors with a diversified fund that includes strategies that are both uncorrelated to the broad market and to each other. In order to achieve this, Shlien and his team have reviewed approximately 200 managers per year and may only invest in 1-3 of the lot.

"The big thing for us is finding managers that are active traders," Shlien says. "We aren't looking for traditional long/short ......................

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