HedgeCo.net – London, June 20, 2007 – AltEdge Capital, the hedge fund of funds manager, has launched a new fund of hedge fund portfolio on June 1st, 2007. The new fund, AltEdge Decorrelated, is designed to offer investors a correlation profile detached from equity markets over the long term. The new portfolio will sit alongside their existing equity dominant portfolio, AltEdge Directional as well as their fully diversified AAA rated global multi strategy fund, the AltEdge Balanced.
The AltEdge Decorrelated Portfolio is a globally diverse non-equity based multi-strategy fund of hedge fund run by the London based manager. “We have launched the Decorrelated Portfolio in response to our investors’ desire for a product that should have no correlation to equity markets following an equity bull market run for over four yearsâ€Â, says Chris Goekjian, CEO/CIO of Altedge.
“The AltEdge Decorrelated Portfolio will be broadly diversified across non-equity related strategies. The strategies will include credit, convertible bond arbitrage, commodities, Macro/CTA, quantitative equity market neutral and asset backed lending amongst others.“ Chris Goekjian goes on to comment.
Altedge Capital is a London based alternative investment manager founded in 2001 by Chris Goekjian, the former global head of fixed income and derivatives at Credit Suisse. AltEdge Capital’s flagship fund, the Altedge Diversified Fund SPC Balanced Portfolio was recently rated AAA by Allenbridge Hedgeinfo.
Eric de Candia, President of AltEdge Capital Management adds “By targeting strategies with a low correlation to equity indices, the Decorrelated Portfolio provides a valuable diversification tool within a balanced investment portfolio, from the cyclicality and volatility of equity markets and will also be a valuable engine for portable alpha strategies.â€Â
For more information, contact:
Mr Eric de Candia
President AltEdge Capital Manageme
Tel: +41 21 825 5044
Mr. Max Williams
Head of UK Business Development
Tel: +44 207 409 4220
Altedge Capital Ltd
7 Albemarle Street
London W1X 4HQ
www.altedgecapital.com
