Psigma Investment Management
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Many groups seem to be launching these types of balanced funds - seeking to secure footholds within the same markets that traditional fund of hedge funds have served.
___________________________________London-based Psigma Investment Management is launching a multi-strategy fund investing in investment trusts, fund of hedge funds and exchange-traded funds next week, it said.
Tom Becket, manager of the PSigma Balanced Managed Fund of Funds, said the portfolio will begin with a total of about 40% in equities, skewed towards international markets. Becket added that he currently favors the healthcare sector because of its short-term defensive characteristics and longer-term growth potential and said the fund will invest in Polar Capital’s Healthcare Opportunities fund to gain exposure to the sector.
On the credit front, Becket said the current dislocation in the space is making for “fantastic long term opportunities” and he is optimistic about the attractive yields to maturity on investment grade financial bonds.
“We believe that the experiences of Northern Rock and Bear Stearns show that the Bank of England and the U.S. Treasury have decreed the banks as ‘sacrosanct’, so there is virtually no chance of bond holders not getting back their capital invested,” he said. Read more...
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Tags: Psigma Investment Management, multi-strategy fund, investment trusts, hedge fund of funds, exchange-traded funds, Polar Capital, Healthcare Opportunities fund, Northern Rock, Bear Stearns, Bank of England, U.S. Treasury Psigma Capital Management Hedge Fund