fortune manages the fund of hedge funds while jack schwager and global fund analysis advise
The Market Wizards fund is a fund of hedge funds managed by Fortune Asset Management and advised by Jack Schwager and Global Fund Analysis. The fund's 'plus' class declined by 0.32% in July compared with declines of 7.9% in the S&P500 Index and 8.42% in the MSCI World Index. The HFRI Fund of Funds Index was down around 1.18% for the month. There is no predefined set of strategies the fund invests in. Limiting a fund of funds to certain strategies can be an effective marketing method, according to Schwager but it only serves to limit the funds options. 'Once you stick a label on yo...
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