TriAlpha Investment Advisers has launched five subfunds of the TriAlpha Alternative Strategy Unit fu...
TriAlpha Investment Advisers has launched five subfunds of the TriAlpha Alternative Strategy Unit fund of hedge funds in Singapore.
The five absolute return funds have been approved as restricted recognised schemes for distribution in the country and offer investors a variety of risk profiles and investment strategies, said the firm.
The TriAlpha Relative Value fund invests in market-neutral, multi-strategy, event-driven, multi-strategy arbitrage and option arbitrage. It aims to achieve stable, absolute returns with volatility similar to the Citigroup World Government Bond index.
Sharing the same objective, the Multi-Strategy fund invests across Asia, European and US hedge strategies, emerging markets, macro event-driven and arbitrage.
The Growth Strategy fund also invests in Asia, European and US hedge strategies, plus emerging markets and macro hedge funds, but with smaller exposure to arbitrage strategies than the Multi-Strategy fund. It targets absolute returns with lower volatility than the MSCI World Equity index.
The Hedge Equity fund shares the Growth Strategy fund's objectives, but invests in Asian, European and US hedge strategies only.
Finally, the Global Property Strategy fund focuses on hedge fund managers that specialise in the global property sector.
Cobus Kruger, director at TriAlpha, said: "With our roots in Stonehage (our private wealth management parent company) we have extensive experience in dealing with and providing investment solutions to private clients. Our hedge fund of funds products have been received well by these clients, fitting in neatly with their investment objectives and risk profiles.
"With increasing numbers of private banks in Singapore we believe that our hedge fund of funds products will be an appropriate solution for their clients."
TriAlpha has an absolute return bias and offers a range of multi-manager hedge funds, boutique funds and portfolio solutions. The Stonehage Group specialises in wealth management and fiduciary services for international families.
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