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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.”


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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 […]


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