Indocam will shortly add a higher risk fund to its set of multi-manager funds of hedge funds. The Gr...
Indocam will shortly add a higher risk fund to its set of multi-manager funds of hedge funds.
The Greenway Opportunities fund will aim to get returns in excess of 25%. This compares with the 10%-15% returns and 3% volatility limit of the $350m Greenway fund, which is run by the same team.
Alistair Kuhn, marketing manager for Indocam, said: "The investment objective is to get higher returns while still minimising risk. The investment strategy of the fund is to allocate assets to a range of non-traditional strategies."
Greenway Opportunities will take the best ideas from the more mainstream fund and hold a portfolio that will start at five or six stocks, unlike its mainstream stablemate, which holds 35-40 funds. It has no limitations as far as number of funds, volatility or possible strategies are concerned, although the team is looking with interest at arbitrage strategies and funds taking advantage of corporate restructuring in Asia and Japan.
There is no geographical restriction on the fund as far as which hedge funds it can invest in, but its European position means that it will look both at European and US hedge funds with equal preference.
Aimed primarily, but not exclusively, at European institutional investors, it has a minimum subscription of $100,000 or equivalent. It is available in dollar and euros, and to maintain parity of performance, there will a passive hedge taken between both.
Although the figures are not final, it is likely there will be a 1% annual management charge and a 5% performance fee.
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