West Palm Beach (HedgeCo.net) - Vienna based hedge fund manager Salus Alpha Group Services GmbH said that any exposure to Madoff funds were systematically prevented by the proprietary investment approach of their funds at all times.

"I am not shocked that Madoff did blow up but I am shocked that so many obviously unqualified naive fund of hedge fund managers who are obviously doing no due diligence nor do they understand hedge fund strategies do manage so much amounts of money and wonder why this happened to them" said Oliver Prock, CIO of Salus Alpha.

"We never invested into US and UK hedge funds which work under the rules of ‘don’t ask, don’t tell’," the hedge fund manager said, "We always scrutinized this model by one simple question to the biggest hedge fund manager?. A ‘No’ always meant that there are problems behind such as in the Madoff situation."

The investment approach of Salus Alpha consists of state of the art due diligence and executing investments as managed accounts only, which the fund manager says has prevented and will prevent the company at from investing into Illusion Alpha.

"We did not get any inquiry form existing investors since they know that all funds Salus Alpha manages are fully regulated under UCITS III and do invest in liquid alpha strategies through managed accounts only and are therefore protected at all times," Salus Alpha concluded.

Alex Akesson

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

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Tags: advisory-services, asia-ltd, asian-focus, boston, chief-executive, due-diligence-service, housing-market, ldg, managed-futures-index, prison-term, risk-and-return, taking-aim

West Palm Beach (HedgeCo.net) – Fund of hedge funds Lighthouse Partners announced that it is expanding its partnership with GlobeOp Financial Services to a full-service fund administration relationship.

More than 20 professionals from the Lighthouse operations team in Florida will work jointly with approximately 85 GlobeOp counterparts in Connecticut, New York State and Mumbai, India to deliver “around the clock” post-trade processing for more than 60 managed accounts and five funds.

"During the past three and half years Lighthouse has strategically converted from the standard fund of fund model to a managed account model that we believe will be the future of hedge fund investing," said Sean McGould, Lighthouse president and co-chief investment officer. "Our team has developed strong portfolio and risk management skills over the last 15 years. Combining that expertise with managed account investing is already providing the increased transparency and risk reporting required by institutional investors."

Rob Swan added that the long-term, continued growth of the Lighthouse program required an established partner to effectively handle post-trade processing, administration and reporting. "Underlying Lighthouse managers already greatly benefit from the integration with GlobeOp’s comprehensive, web-based middle-and back-office trade processing services. This partnership also provides our fund managers and investors with the increased independence, timeliness and transparency they require."

Founded in June 1999, Lighthouse Partners is a fund of hedge funds with more than $6 billion in assets under management, over 65 employees and offices in Palm Beach Gardens, Chicago, New York, London and Hong Kong. Lighthouse manages multi-strategy fund of funds along with a stable of focused funds across Credit, Global Equity Long/Short, and Managed Futures. Currently, Lighthouse also has over 60 managed accounts and five funds that are structured wholly in managed accounts.

Alex Akesson

Editor for 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: axa-investment-managers, banking-group, boston, charge-interest, chief-executive, current-value, external-managers, fame, founding-partners, john-buckley, latin-america, ldg, merrill, prison-term