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Bailey McCann, Opalesque New York for New Managers: Headstart Advisers, a London-based hedge fund of funds is looking for emerging managers to bring on to its platform.

Headstart Advisers was established in 1990 and launched its first multi-strategy fund of hedge funds in 1999. The portfolio typically contains 20-35 funds that are a mix of opportunistic strategies, blue chip managers and emerging managers. The strategies within the portfolio are diverse, the fund of hedge funds started the year with significant weighting toward long/short equities strategies, arbitrage strategies, global macro, and credit. However, there are others in the portfolio as well.

The FoHF targets annual net returns of 10-15% with single digit volatility.

The FoHF gained 3.4% in December, putting it up 20.3% for the year and Headstart is seeking to build on that positive performance with new blood. Headstart is looking for emerging managers that are willing to deal on fees and can provide capacity rights. Emerging managers that still have founders share classes available are also of interest.

Emerging managers that perform well can be moved to core portfolio holdings over time. Headstart is strategy agnostic if managers can show a repeatable process that generates consistent returns. However, the FoFH does try to avoid sector and country specialists as well as crypto funds. Within its long/short equity......................

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