Tremont Advisers launches hedge fund

Tremont Advisers has released the latest in its American Masters fund of hedge funds series, writes Dylan Emery.

The fund attempts to create a market neutral portfolio by combining various strategies and managers and by keeping a check on asset allocation.

The fund aims to produce an average return over three years of 11%-13% per annum, net of all fees. However, Tremont hopes the crucial distinguishing factor of the fund will be the fact that it will attempt to keep volatility very low.

The American Masters Market Neutral Fund started trading at the beginning of July and has $60m under management. The fund is currently investing in 10 hedge funds across four different styles.

Domiciled in the Cayman Islands and listed on the Irish Stock Exchange, the fund has both a US dollar and a euro share class.

The minimum investment is $100,000 or E100,000. The fund is administered by Hemisphere, while the Bank of Bermuda is the custodian and Ernst & Young are the auditors.

Tremont Advisers is a US-based hedge fund research specialist and manager that has three core businesses: the development and distribution of its proprietary investment products, asset management and information research services for alternative investments generally. The company advises on more than $7.5bn in alternative assets and $1bn of client assets in proprietary funds.

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