Magnum Fund Management has teamed up with Ibbotson Associates Advisors and GP Asset Management to la...
Magnum Fund Management has teamed up with Ibbotson Associates Advisors and GP Asset Management to launch a fund of hedge funds.
The Magnum Optimised Portfolio fund invests in a selection of hedge funds by using Ibbotson's proprietary quantitative models in combination with Magnum's qualitative approach. Ibbotson is to act as a consultant to the fund.
Quantitatively, it relies on Ibbotson's extensive experience in analysing performance and risk and hedge fund of fund portfolio optimisation. This company has developed a proprietary portfolio optimisation methodology, which, it claims, allows for a more accurate assessment of hedge fund performance than traditional methods.
Qualitatively, the fund uses Magnum's access to research and industry information and years of experience to identify successful hedge funds around the world. Its aim is to build funds that minimise risk while providing positive, stable, long- term returns under most market conditions.
GPAM is a company that creates and distributes 'best-in-class' alternative investment products and serves as a bridge between seasoned and start-up hedge fund managers and new sources of investment capital.
Over 5,000 hedge funds globally are screened to help identify 15-25 best of breed managers. The portfolio is seeking hedge funds that have consistent returns of between 10% and 18% per year with relatively low volatility.
The new Magnum Optimised Portfolio Fund is available to non-US investors and US tax exempt investors.
'Damage is done at the moment the pension is transferred...'
'Visibly trawling for prospective clients'
‘Effectively the norm’
20 years experience in multi-asset