Forsyth Partners has launched a hedge fund that will follow a multi-strategy, fund of funds approach...
Forsyth Partners has launched a hedge fund that will follow a multi-strategy, fund of funds approach. It has been designed specifically for asset managers and intermediaries and will be the second hedge fund in the Forsyth range.
The Forsyth Diversity fund will be an actively managed portfolio of highly diversified hedge strategies and managers. This will include a mix of alternative strategies such as long/short equity, global macro, market neutral and arbitrage.
Paul Forsyth, chief executive of Forsyth Partners, said: 'We want to provide a fund that can help give investors the edge, given the turbulence of today's markets. Our approach will be to develop a mix of hedge fund strategies that perform independently from each other, as well as exhibiting low correlation to the market. Our research has indicated that a portfolio combining the appropriate blend of strategies helps reduce risk and produces some potentially exciting investment returns.'
The fund's the universe is 6,000 hedge funds.
The minimum investment is $10,000. Forsyth will pay a placement fee of 3% to advisers for business introduced. They also enjoy the benefit of sharing in Forsyth's management fee, as well as offering ongoing trail fees.
The management fee is 1.75% and the performance fee is 20% based on high watermark.
The fund is domiciled in the Cayman Island.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till