The rating is based on an observation period over the last five years, during which the multi-strategy fund of hedge funds maintained its low risk and low volatility profile even as the credit crunch star- ted to bite.
It returned 9.31 per cent in 2007 but this year it has suffered, along with many hedge funds. It has returned -1.68 per cent in the year so far date,but Allenbridge HedgeInfo says this is still above the industry average.
Allenbridge HedgeInfo says the Unicorn fund has delivered good risk-adjusted performance within its stated target range for returns and volatility. It is impressed with the fund’s qualitative investment process and the diversified exposure to alternative investments within a Sicav structure. It also noted that the fund’s monthly liquidity, with a 30-day notice period, is one of the best available.
Allenbridge HedgeInfo chief executive Christopher Miller says: “The Unicorn fund of funds has a track record of more than 12 years and during this time, the senior investment team has remained in place, giving the fund an unusually high degree of experience and consistency.”