View more on these topics

Moonraker says smaller is better

Fund of hedge fund manager Moonraker Fund Management says it prefers to invest in small funds where the biggest investor is the fund manager.

The company marked the first anniversary of its commodities and global opportunities funds by outperforming its benchmarks by 60.5 and 22.9 per cent respectively. The sterling share class of the commodities fund delivered 19.3 per cent net of charges over the year to June 1, 2009 while its benchmark, the DJ AIG commodity index, was down by 41.2 per cent. Global opportunities delivered 1.7 per cent net of charges over the same period while its benchmark, the HFRI FOF strategic index, fell by 21.2 per cent.

Chief investment officer Jeremy Charlesworth says the funds launched with less money than Moonraker would have liked but the resulting concentrated portfolio helped performance when market conditions worsened. He says: “We like smaller, nimbler funds from highly experienced managers. In small funds, the biggest investor is the manager so he will suffer as we do if the portfolio does not perform.”

Recommended

23

FSA faces protection backlash

Protection experts have hit out at the FSA after it suggested the number of investment advisers selling protection products in order to bypass the commission ban could soar following the release of its RDR consultation paper last week.

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