New York (HedgeCo.net) – Alternative asset manager, Man Investments, and UK hedge fund advisory and marketing firm, Dexion Capital Group, announced the launch of a new UCITS III trend following product, Man AHL Diversity.

“Historically, the performance of trend following managers has tended to be uncorrelated to traditional stock and bond markets.” Tim Wong, Chief Executive Officer of AHL, said, “We saw that with AHL’s highly impressive performance last year when its best performing fund delivered 33% at the same time as some equity markets fell 40%.”

Investors will be able to access the sterling denominated product with a minimum initial investment of £100 from the product’s launch in October 2009.

Founded in 1987, AHL manages $20.4 billion (as at 31 March 2009) and has delivered a strong track record of performance. Based on past data and adjusted for structure, fees and costs, Man AHL Diversity would have delivered annualised returns of over 14% during the past 14 years. AHL managed funds have produced a positive return in every calendar year since inception.

AHL’s track record has been greatly reinforced through Man’s funding of the Oxford-Man Institute (OMI) and the creation of AHL Oxford, the compny says.

The Oxford University academics of the OMI and AHL’s researchers in AHL Oxford share purpose designed premises, where AHL’s researchers have already developed several valuable commercial applications. Now in its second year, this arrangement has created a stimulating environment that fosters day-to-day interactions between AHL and the university’s academics and students, and has provided AHL with exposure to leading academic thinking from a worldwide network of experts and wide spectrum of disciplines.

Trend followers – often known as managed futures managers – seek to exploit persistent trends and other market inefficiencies in a systematic way using highly liquid futures markets. Their funds are designed to perform whether prices trend up or down with the result that returns tend to be uncorrelated with traditional stock or bond markets.

Editing by Alex Akesson
For HedgeCo.net
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: bond-markets, futures markets, managed funds, minimum initial investment

West Palm Beach (HedgeCo.net) – I recently conducted an interview with Colleen Sorrentino, CIO, and Charles M. Wright, CFA, of FoHF’s Advanced Strategies II, LP (AS II) as part of a manager interview to be featured on our HedgeCo.net Manager Database. I thought to publish some excerpts in advance.

On the topic of the FoHF’s positive 5 year track record, Wright said, "Our goal is to achieve 75 to 80% in the bull market and we have met that through the history of the fund, beating the S&P 500 about 8.54% last year. Our 5 year track record Feb 2004-2009 beat the S&P 500 by 35%."

As a multi-strategy fund with $36 million under management, a 1.50% management fee and a minimum initial investment of $250,000, AS II recently celebrated its 5 year track record this February.

"We are not afraid of volatility and our edge is in our long-short policy, we don’t use leverage as much as other funds." Sorrentino said, "AS II is a great fit for family offices, institution investors, foundations and high net worth individuals."

"Our strategy is combination of art and science," Sorrentino continued, "We put a lot of time into into our managers and their selection in order to generate maximum return. We are not a hot fund, moving from manager to manager, we do complete background checks at the start, following up with a focus on due diligence, meeting on site on an annual basis as well as with independent advisers."

AS II stays away from over-leveraged funds, with no leverage at the fund level. "We do not place money with hedge funds that invest a substantial portion of their assets in esoteric investments such as derivatives, structured investment vehicles, CDOs, or managers that utilize black box quantitative models. We have been managing funds of hedge fund portfolios since 1992. The Firm’s partners and employees maintain a substantial stake in AS II." the FoHF’s website states.

AS II’s parent company, Wall Street Access Advanced Strategies LLC (WSAAS), has been managing fund of hedge funds portfolios for over 15 years. WSAAS is also an affiliate of Wall Street Access, which is a New York Stock Exchange member. G&S Fund Services is Fund Administrator.

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: art and science, background checks, cdos, due diligence, fund-portfolios, high-net-worth-individuals, independent advisers, leveraged funds, management-fee, manager database, manager interview, maximum return, minimum initial investment, palm-beach, quantitative models, sorrentino, strategy-fund, structured investment vehicles, substantial stake, west palm beach