Focus Investments Set to Unveil New Fund of Funds Product
Focus Group announces new hedge fund
The investment asset manager, Focus Group is making final preparations
to unveil a new hedge fund in a few weeks time. The firm announced that
its new hedge fund, the Focus Arbitrage Enhanced fund would be officially
launched on March 1, 2004, the new hedge fund would be seeded with about
US$25 million. Aaccording to the released statements such funding would
come from new investment sources, as well as from existing investors.
About the new Fund of Funds
The new arbitrage fund would employ a maximum leverage in the ratio of
2.5 to 1, utilizing arbitrage strategies for trading decisions. It is
anticipated that volatility would be around 8% range according to statements
from Eugenio Verzili, the managing director for the Focus fund. Focus
Group launched its flagship product; Focus Arbitrage fund, a fund of funds
portfolio in 1998, that vehicle has since been closed to new investors
in 2003.
Currently the Focus Arbitrage strategy invests in an assortment of managers
utilizing various investment styles including fixed-income arbitrage,
equity market neutral, convertible arbitrage, event-driven and a host
of others.
Assets in the Focus Arbitrage fund have reached US$ 100 million according
to company statements. The new fund of funds product to be unveiled in
March is a leveraged version of the Focus Arbitrage fund. No details about
minimum investment were immediately provided.
The Focus Arbitrage strategy aims at about 10% annual return to investors
in the fund, while the new leveraged hedge fund product would target annual
returns between 12-15% ranges.
Focus Group’s Hedge Fund of Funds
Focus Investment Group is an independent employee owned Asset Management
Company, specializing in Funds of Hedge Funds. The firm is a global organization
with offices in the U.S., Canada, Bermuda, Europe, Middle East and Hong
Kong and currently manages US$ 1 Billion.
Paul Oranika
Editor-in Chief
Hedgeco.net
Email: Editor@hedgeco.net
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