Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
24/02/2010
Saam looks to add more managers to FoHF portfolio
Stripes Alternative Asset Management (Saam), a New York-based long/short fund of hedge funds (FoHF) manager with a preference for sector-specialist funds, has announced plans to add more underlying
managers to its portfolio.
The FoHF is looking to add another financials fund, as well as a technology, media and telecommunications (TMT) manager to its existing allocations, HFMWeek has learned.
Will Patty, portfolio manager on Saam’s flagship Sentinel Fund, said of the manager selection process, “I build enough conviction that they are the best [hedge fund managers] in their sector and they are different from the current managers in our portfolio.”
The fund limits its industry-specific allocations to less than 25% in any one sector.
The Sentinel Fund has made a number of sector specific allocations recently, including one healthcare strategy and two utilities offerings. In total, the fund has 15 underlying managers.
Prior to launching the Sentinel Fund, Patty worked at SAC Capital Advisors. Previously, he worked at Permal Group.
In January, the fund returned 0.10%. Last year, it was down 5.8%
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
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