HedgeCo.net ( West Palm Beach ) — Mr. Hani AlJazzaf, Head of Hedge Funds Division at Global, said that EurekaHedge, the world’s largest independent hedge fund research company,ranked the Global Distressed Fund as the 6th best Fund of Hedge Funds in the world, in terms of returns adjusted for risk, from a list of 1324 similar funds.
Including November estimates, the fund has generated an impressive year-to-date return of 11.89%, with a sizeable 71.09% return since inception in October 2002 posting an annualized return of 13.66%.This achievement came despite bearish market conditions that the fund initially faced, added AlJazzaf.
With respect to funds running similar strategies, the fund ranked 2nd best Distressed Fund of Hedge Funds in the world in terms of Sharpe Ratio, 3rd in terms of Maximum Loss and 4th in terms ofAnnualized return, by EurekaHedge.
AlJazzaf affirmed that this ranking ‘recognizes the skill of Global’s Fund of Hedge Fund group in consistently selecting the best managers to invest with, and its talent in actively managingportfolios of such managers’
As a result of diligent manager selection and portfolio management, the Global Distressed Fund has achieved high returns with a low volatility of just 2.91%. Since inception, the fund has exhibited aSharpe Ratio of 3.30, evidence of stable returns taking into account risk.
The Sharpe Ratio identifies good investments by awarding them higher ratios. The higher the ratio, the better the return generated for a specific level of risk.
The fund invests in managers who trade the shares and corporate bonds of financially stressed companies that are subject to restructuring or emergence from bankruptcy. Historically, the fund hasgenerated sizeable gains from the U.S markets, with recent gains seen in particular from European opportunities.
The 4 year track record is proof that the fund has been able to achieve its objectives during various economic environments.
AlJazzaf pointed out that the fund adds significant diversification benefits to almost all traditional individual and institutional portfolios. The non-conventional nature of the fund makes it anideal time to invest given the weaker outlook for U.S economic growth.
He confirmed, that the fund presents a good opportunity for investors seeking diversification from local markets with low risk, adding that Global may provide interested investors with levrage, as ashow of confidence in the fund’s stable performance.
The fund is now open to new and existing investors who wish to diversify their existing portfolios, however, subscriptions are accepted until December 31st 2006, AlJazzaf concluded.
Since 1999, Global’s Fund of Hedge Fund offering has grown to six unique funds. Global can provide diversified investments opportunities within the US, European, Japanese and broader Asian markets.Since inception, all funds have generated attractive returns, including 2006 where all funds are positive for the year.
