HedgeFund.Net – Swiss funds-of-funds firm Gottex Fund Management is launching a fund that will emulate the investment principles of U.S. “super endowments.”

The new fund will emulate the investment principles of successful U.S. university endowment funds, such as Harvard and Princeton. It will allocate about 65% to alternative investments. The alternative part of the portfolio will cut across all asset classes: hedge funds, private equity, commodities, long-only equity, fixed income, real estate and other real assets.

Harvard Management, long the model for university endowment funds currently with about $35 billion in assets, increased more than 20% year over year in 2007.

William Landes is helming the new fund. Landes joined Gottex from Boston-based 2100 Capital, his hedge fund specialty firm that Old Mutual Asset Management bought in 2005. Before that Landes was a money manager at Putnam Investments, which helped incubate 2100 Capital.

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West Palm Beach (HedgeCo.net) – Archer Financial Services (AFS), has launched Balarie Capital Management ("BCM"), a division of AFS created with the specific purpose of helping Institutional and High Net Worth investors achieve diversification by providing them with products and services that are typically non-correlated with their traditional investment portfolios.

AFS, an Introducing Broker, is wholly owned by ADM Investor Services, Inc. The brokerage also announced the appointment of Emanuel Balarie as managing director of the division.

"Mr. Balarie brings on board industry expertise in both the commodities and managed futures arena" said Kurt Johnson, President of AFS. "The combination of his experience, BCM’s consultative approach to managed futures investments, access to hundreds of Commodity Trading Advisors all over the globe, and the financial integrity and operational structure of ADMIS will allow us to provide investors with a wide array of products and services."

Emanuel Balarie added, "While the asset flow in the managed futures sector has increased significantly over the last several years, we still feel that there is a need for a firm that is able to provide a consultative approach to managed futures portfolios. The goal is not to recommend cookie-cutter type portfolios for every investor, but to look at the investor’s individual profile and portfolio to determine the specific allocation that is most appropriate for the investor. This approach is especially attractive to institutions and investors that have to meet specific portfolio requirements."

BCM works with high-net worth investors, family offices, pensions, and endowment funds who are interested in adding managed futures to their investment portfolios. In addition, Balarie, through its affiliation with ADMIS, offers clearing and execution services for Commodity Trading Advisors, Fund of Funds, and professional traders.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows.

According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans and endowment funds demand players display vigorous operation capabilities to satisfy demanding due diligence requirements.

“Many hedge funds have grown to a size and scope that require managers to run their business more formally. As a result, a redesigned hedge fund organisation has emerged," said Celent.

“With substantial operation infrastructure capabilities and sound internal control and risk management practices in place, many large funds now have much in common with their asset management counterparts."

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