HedgeWeek – TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds.
The fund seeks absolute returns by focusing on hedge fund managers that specialise in the global property sector. The portfolio will include property hedge funds from prominent management firms such as Credit Suisse, Thames River Capital and New Star Asset Management.
‘With increasing uncertainty and volatility in the property sector, a fund of hedge funds approach to this asset class looks extremely favourable,’ says TriAlpha director Cobus Kruger. ‘The easy money has been made – given this volatility it’s now time for the skills of hedge fund managers to be employed.’
TriAlpha has a 10-year track record in managing funds of hedge funds, and through Stonehage Property Partners the group has extensive experience in property investment.
‘Using a fund of funds approach allows us to exploit opportunities across global property markets with an absolute return focus through the full property cycle,’ says Sean Curry, head of TriAlpha’s fund of hedge funds team.