FINalternatives- Stamford, Conn.-based WR Capital Management has been busy of late ramping up its fund of hedge funds portfolio. The $388 million firm, which launched WR Select Fund launched in November, recently unveiled the WR Select Enhanced Fund, a multi-strategy fund of hedge funds, with $197 million.
According to fund documents obtained by FINalternatives, the fund invests “only seasoned managers who have undergone extensive due diligence and employ disciplined risk management processes are selected.”
“We try to choose funds that performed well in months, periods and years when the markets were under stress and hedge funds generally did poorly. Each manager exhibits low correlations to both the market and our other managers. The fund’s exposures exist on a global basis and across multiple asset classes resulting in maximum diversification.”
