- Advertisement -
- Advertisement -

Related

RFP: Absolute Return Strategy

Latest Report

- Advertisement -

A large U.S. financial institution is searching for an Absolute Return strategy. The allocation is expected to be USD 30-70mm (the allocation can increase depending on performance). The strategy will form part of a global multi-strategy 40 Act mutual fund. 

Search criteria

  • Investment: Preferably Global Macro, CTA, and event-driven strategies with a correlation to fixed income close to zero and an equity beta lower than 0.3.
  • Target: SOFR + 2-4% net.
  • Max drawdown: Less than -15%.
  • Track record: Minimum 4 years of the proposed strategy.
  • Minimum strategy AUM: $500mm.
  • Liquidity: Preferably monthly. Quarterly is accepted. Investments should be liquid assets only.
  • Reporting: Monthly/quarterly review of performance and attribution across strategies.
  • Fee structure: A flat fee of 70bps or lower. No performance fees (hard restriction)
  • Investment vehicle: Separately managed account. The fund manager should have experience sub-advising mutual funds.

Process outline
The RFP will be used as the first screen (1st round). Managers qualifying for the 2nd round will be asked to answer additional questions and provide further information. A final shortlist will follow from the 2nd round.

Performance data

USD, Gross of fees

Deadline
September 20, 2023 (Cut-off: Midnight CET, Expiry date inclusive)

Reverse solicitation

This search constitutes a reverse solicitation process as described under AIFMD, MiFID II and MiFIR whereby the investor (using GFS as an agent) on its own (exclusive) initiative and with the intention of investing in (or initially receiving information regarding) AIF(s) or its AIFM (or an intermediary acting on their behalf), investment services or activities, or its financial instruments. GFS has documentation (i.e., “paper trail”) if requested by authorities.

For more information: www.globalfundsearch.com

Title Pic: donfiores—shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

Europe’s Infrastructure Transformation: Where the Smart Money is Going

Infrastructure is at the heart of Europe’s economic transformation. Richard Marshall, Head of Infrastructure Research at DWS, explores how subsectors like data centres, renewable...

AuAg Reaches SEK 4 Billion AUM as Precious Green Turns Five

Precious metals specialist AuAg Funds continues to celebrate milestone after milestone. Just a month after its alternative 60/40 fund, AuAg Precious Green, marked its...

Finserve Expands Alternative Offering Through Resscapital Deal

Swedish fund company Finserve Holding announced in mid-summer its bid to acquire all shares in specialist asset manager Resscapital AB, a transaction that has...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.