HedgeCo.Net

West Palm Beach (HedgeCo.net) - Finvest Asset Management is set to launch a new capital protected offering for investors who are seeking to generate annual returns of between 12-20 percent in a low risk structure.

The total offering is for $500 million and is open to non-U.S. investors only. The capital protected product will be offered to investors in the form of a U.S. Dollar denominated subscription. Downward pressure on the Euro relative to the dollar, will further enhance the investment and provide a source of upward performance for investors.

The Zurich-based Asset Management company has also received a mandate to allocate around $300m to the fund of hedge funds sector as part of a low-risk strategy to capitalise on the turbulence in global financial markets market.

Allocations will be made to funds that have a track record of at least three years, have an attractive Sharpe ratio, and are targeting annual returns of between 10 and 15 per cent. Funds of funds that may have incurred negative returns will not be excluded from the selection process.

"The decision to allocate to a hedge fund goes against the current trend," says Finvest portfolio strategist Mayer Greenwald. "However, we see a tremendous amount of upside in the fund of funds space, providing that portfolio managers apply the appropriate risk management." He argues that a good fund of funds can provide value in its ability to optimise allocations and achieve an appropriate risk/reward profile.

Finvest currently operates an office from Zurich and recently announced plans to open an office in London and Cypress. It also manages the Finvest Primer and Finvest Yankee funds.

Alex Akesson

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

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: boston, collateralized, due-diligence-service, initial-investment, investor-sentiment, john-mcallister, management-experience, merrill, nara, NY, prison-term, sacm, sales-marketing, tracking-error, west-palm-beach

West Palm Beach (HedgeCo.net) - Venus Capital Management, Inc. has launched the Venus Index Plus Fund. The general objective of the Fund is to outperform the S&P CNX Nifty India Index without changing the weights in the Index.

Venus Capital, after conducting a detailed analysis of India-dedicated hedge funds, found that most India funds, both inside and outside of India, underperformed the S&P CNX Nifty India index on a risk-adjusted basis. They have high Beta with a low Sharpe ratio. This became even more evident this year when the Indian markets dropped approximately 40% and a typical India fund lost 40-55% in the first six months of the year.  Venus has segregated Alpha from Beta and has products for investors seeking either. However, Venus feels that “2 and 20” fees should not be paid to obtain Beta and hence, have launched the flat fee Index fund.

The Index fund is engineered to track and outperform the benchmark Indian Index without changing the weights of the Index constituents. It will be available in unlevered, 1x, 2x levered and short versions with daily liquidity, enabling institutional investors to time the market and take advantage of their macro views and also use as a hedge against exposure to long biased India managers.

Venus Capital expects this product to outperform the S&P CNX Nifty India index since the S&P CNX Nifty India Index futures typically roll at a discount to fair value of the underlying S&P CNX Nifty India index on a monthly basis and the left over cash (as futures require only 25% margin) can be deployed in short-term instruments.

The fund offers beta exposure to one of the fastest growing economies, in a cost efficient manner compared to traditional mutual funds and hedge funds. “We do not believe investors should pay 2 and 20 fees for Beta” said Vik, CEO of Venus Capital Management, Inc. Venus Capital has been in business since 1994 and is the oldest India-focused hedge fund company.  The founder and CEO, Vik Mehrotra, has over 20 years of investment experience and is assisted by over 20 analysts and traders.

Investors can request a private placement memorandum for the Venus (India) Index Plus Fund by visiting the manager’s website. The fund is open to accredited and qualified investors only and the minimum initial investment amount is $1,000,000.

Venus Capital Management, Inc. was founded in 1994. The company was registered with the Securities & Exchange Commission in the United States as a Registered Investment Advisory company in 2000.  The firm manages wealth for several family offices and institutions with an emphasis on increased allocations to Asia in a risk averse manner.

Alex Akesson

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

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: asset-classes, best-energy, boston, closed-end-mutual-funds, composite-index, founding-partners, john-mcallister, mutual-fund, newcastle, NY, party-vendors, philadelphia-inquirer, prison-term, stage-investors

Asian Investor - The Shaka Japan fund has been launched in New York by hedge fund manager Shaka Capital Management. It is a new start-up, launched in January of this year with partners’ capital, and has an estimated capacity of $1 billion.

Arif Imam is Shaka’s business manager and is a former managing director at Morgan Stanley, responsible for global distribution of Japanese equities.

The portfolio manager is Alexandre de Bethmann who formerly worked at Federated Global and TIAA-CREF.

Shaka’s trader is Douglas Butcher, who was also a managing director at Morgan Stanley where he handled client trading for Japanese equities.

Target return is 12-15% per year on a Sharpe Ratio of 1.2 to 1.5. It is a Japan-only long/short equity fund concentrating on the top 250 stocks in that market. The focus on large-cap stocks is in part because of the very liquid state of the short borrow that lends to running a truly efficient hedged fund.

Read Complete Article 

Tags: 10-million, arthur-sulzberger, banque-syz, bethmann, bridget, business-manager, cap-stocks, caxton, global-distribution, gross-exposure, imam, industry-group, japanese-equities, john-mcallister, liquid-state, march-25, money-managers, shaka, synergies, tiaa-cref