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HedgeCo.net (West Palm Beach) – Bandon Capital Management has reached it’s 5th year for its hedge fund flagship investment strategy, ‘Directional Interest Rate Strategy’, (DIRS) producing annualized returns of +7.09% net of all fees, comparatively over the same time period the S&P 500 has lost -2.15%.
The strategy provides investors with absolute returns, uncorrelated with the equity and fixed income markets, by investing in the US Treasury Market using ETF’s or mutual funds and is available to non-accredited investors.
“We’re incredibly proud of this milestone. This is an investment area where there is a tremendous amount of product development activity and innovation." Bill Woodruff, Founder and Managing Principal said, "As advisors and their clients increasingly seek non-correlated, absolute return strategies we stand out for both the length and strength of our track record.”
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HedgeCo.net (West Palm Beach) – Hedge fund manager Bandon Capital Management, LLC, has made it’s flagship investment strategy, DIRS – Directional Interest Rate Strategy – available to investment advisors through Adhesion’s WealthADV UMA platform.
The flagship strategy, celebrating it’s 5th year anniversary at the end of this month, seeks to provide investors with absolute returns, uncorrelated with the equity and fixed income markets by investing in the US Treasury Market using ETF’s or mutual funds and is available to non-accredited investors.
Bandon is focused on delivering the attractive investment characteristics of alternative investing – absolute returns with low correlations – to the mass affluent and small institutional investors while minimizing or eliminating many of the structural negatives including high minimums, high fees, long lock ups and lack of liquidity and transparency.
”Every day we hear from advisors sharing the frustration of their clients, whose account balances have been decimated and are not yet reflecting the economic recovery they keep hearing about.” Bill Woodruff, Founder and Managing Principal, said, ”Increasingly, advisors are recognizing the benefit of allocating a portion of their portfolio to absolute return strategies – just like large institutional and ultra HNW investors – and are knocking on our door. We could not be more pleased with the opportunity to be included on the Adhesion platform which has many benefits including an open custody approach that enables advisors and their clients to access Bandon’s strategies through Schwab Institutional, Fidelity, TD Ameritrade and Pershing”.
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HedgeCo.net (West Palm Beach) – Alternative investment management company, Bandon Capital Management, LLC, has hired J. Michael Miller as Managing Director responsible for the development and management of the financial intermediary market.
Miller has over 25 years of experience in building, leading and managing intermediary distribution organizations and has held senior level positions with multiple national firms including Federated Investors Inc., Weiss, Peck & Greer, LLC, mPower/Morningstar and most recently was Managing Director for Concord Wealth Management.
Bandon is focused on delivering the attractive investment characteristics of alternative investing – absolute returns with low correlations – to a wider audience while minimizing or eliminating many of the structural negatives including high minimums, high fees, long lock ups and lack of liquidity and transparency.
Bill Woodruff, Founder and Managing Principal, said “We are delighted to have someone with Mike’s experience and track record joining the firm. We look forward to further expanding our relationships with the financial intermediary community and providing access to non-correlated, absolute return oriented strategies to a market starving for quality solutions”.
Bandon’s flagship strategy DIRS – Directional Interest Rate Strategy – is quickly approaching its 5 year anniversary with historical average net ROR of +7.23% per year, annualized standard deviation of 6.56%, and very low correlation with the major equity indices, as evidenced by a correlation of -.08 to the S&P 500 and -.05 to the Barclays Aggregate from August of 2004 through June 30th of 2009.
Bandon’s strategies are offered in multiple structures with DIRS, the flagship strategy, currently offered as a separately managed account that can be held at most major custodians. A separately managed account is an increasingly attractive structure in light of the recent hedge fund abuses associated with private pooled vehicles.
Alex Akesson
Editor for HedgeCo.net alex@hedgeco.net
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