West Palm Beach (HedgeCo.net) -  Bullman Investment Management (BIM), headed by Nick Bullman, has officialy launched the Bullman Global Fund, a global multi-strategy hedge fund with a minimum investment of $100,000.

"Since launch, the Bullman Global Fund has returned 0.76% compared with its benchmarks- the Tremont MS Index and MSCI World Index returns of -13.76% and -36.43% respectively over the same timeframe." Nick Bullman, Managing Partner at BIM said, "We believe there are times in the economic cycle when macro investments provide the best risk adjusted returns and liquidity. At other times, equity valuations become so compelling that they provide a better long term risk reward payoff. Our strategy is to run three distinct and separate portfolio modes. Stress Mode, Transition Mode and Benign Mode. These modes are triggered by objective external inputs. This approach allows us to control risk and preserve capital, and to search the globe for investments that meet our risk return objectives."

The fund’s objective is to seek long term capital appreciation in a broad array of quoted instruments, notably global equities, bonds, commodities and derivatives.
While the fund has been managing money since June 2008, marketing of the fund has been low key until now. With the appointment of Roger Mortimer (previously Vice President of Kotak Mahindra (UK) Ltd) to Head of Sales, the firm intends to raise assets from third party investors now that a one-year track record has been achieved.

Roger Mortimer, Head of Sales at BIM, said, "I am delighted to have joined BIM, which I believe has a sensibly conservative approach to investing in the current climate with the flexibility to transit through to a higher risk strategy, as and when true market fundamentals return. The fund is aimed at long term investors, with a focus on minimising draw-downs during times of high volatility, whilst maintaining long-term appreciation for the patient investor through a value-based approach. In conjunction with Bath University, BIM is constantly developing its own Investment Risk Profiling System, which I believe will deliver significant improvements on the standard VaR models currently in use."

BIM was founded in June 2008 by Nick Bullman, was formerly Chairman and Head of Risk at Investor Select Advisors, a global fund of hedge funds. In addition to Nick’s experience in the hedge fund space, over the past 26 years in the financial industry he has also worked at Scrimgeour Vickers, James Capel and Goldman Sachs in Equity Sales and syndication. Bullman has seeded the Bullman Global Fund with a significant portion of his personal wealth, according to the launch statement.

Alex Akesson

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Tags: conservative approach, economic cycle, external inputs, global fund, global-equities, index returns, kotak mahindra, market fundamentals, ms index, msci-world-index, patient investor, return objectives, risk reward, risk-strategy, roger mortimer, term appreciation, term investors, transition mode, tremont ms, west palm beach

Reuters – Asia-focused funds suffered their worst ever year in 2008, underperforming their peers in the West, as markets cratered and investors demanded their money back.

This year will be marked by consolidation around more established players and a more conservative approach to using debt to drive investment returns. Investors will also insist on greater transparency and closer attention from fund managers.

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Tags: asia, conservative approach, consolidation, fund-managers, investment-returns, investors, money, peers, reuters, transparency