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RFP: Search for “Limited Loss” Strategies

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Stockholm (HedgeNordic) – A German corporate investor is seeking to invest in at least one “limited loss” strategy, with a minimum allocation of €100 million each, as indicated by a request for proposal on Global Fund Search. The strategy must employ a systematic risk management approach to ensure absolute negative returns do not exceed a predefined limit of 5 to 10 percent per calendar year. Furthermore, the investor seeks a strategy that maximizes participation in capital market returns across single or multi-asset classes, with a specific exclusion of alternative risk premia or stock picking strategies from consideration.

Search Criteria

  • Universe: Multi-asset or single-asset portfolio within public/listed markets
    • The investor is open to single-asset and multi-asset portfolios.
    • The allocation is not a hedge against an existing portfolio, so the long component should be included.
    • Managers have the freedom to propose what they find most suitable.
  • Benchmark: depending on asset classes. The strategy will be compared in its respective class against a CPPI management style.
  • Objective: Maximum participation in capital market returns (single or multi-asset, no alternative risk premia, no selection/stock picking) while limiting maximum loss per calendar year at a predefined level between 5 percent and 10 percent using a systematic risk management strategy. The use of a target volatility alone is not sufficient.
  • Style: Systematic
  • Valuation frequency: Daily

Investment vehicle

  • German “Spezialfonds” §284 KAGB

Performance data

  • EUR (hedged), gross of management and custodial fees and net of transaction costs

Process outline:

The process will consist of two steps:

  1. Round one – Short RFP (this search)
  2. Round two – Invitation to due diligence

Language

The manager can apply in English or German language.

Deadline
June 28, 2024 (Cut-off: Midnight CET, Expiry date inclusive)

To review the search and apply, asset managers need to register here on globalfundsearch.com

Image by mindandi on Freepik

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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