View more on these topics

Absolute beginner joins RMB Sicav

RMB MultiManagers has launched a new fund of hedge funds with 66m under management.

The global diversified fund, which is available in dollar, euro and sterling share classes, becomes the sixth alternative strategies fund within the RMB MultiManagers Sicav.

It aims to deliver long-term growth and risk-adjusted returns by investing in funds across a broad range of absolute return strategies.

The fund has a mandate to deliver absolute returns whatever the market conditions and is not benchmarked against a particular index. However, the HFRI fund of fund investable index will be used for reference purposes.

The rationale of the fund is to allocate capital to as broad a range of funds as possible to mitigate the risk of overand underperformance from any particular style.

RMB hopes that by adding equity long/short strategies to its existing global spread capture fund, it will provide a more market-directional tilt to its new fund.

Kohn Cougar partner Jason Evans says: “Because there is little correlation between equities and hedge funds, this is a good opportunity for a client to diversify risk in their portfolio.

“Whereas three years ago everybody had 80 per cent of their portfolio in technology, the trend now is for people to spread risk. While long/short hedgers need volatility to make money, it is best not to have all the client’s eggs in one basket.”

Recommended

Knight rips into Dips

GMAC-RFC executive chairman Stephen Knight has slammed lenders for providing decisions in principle on their websites which stack everything in their favour and against the intermediary.

Delivery time

Technology is having a dramatic impact upon all elements of the financial services industry and is increasingly defining who people are doing business with today.

Suffolk Life appoints corporate development director

Chris Jones has joined Suffolk Life as corporate development director and will oversee the group’s marketing and operations functions.Jones was formerly head of research and development at Capita PPML and his position at Suffolk Life is a newly created role. He is a qualified chartered tax adviser and has over a decade of experience in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com