Not exact matches
One caveat is that the fund is likely
relatively small by
hedge fund standards, which makes it somewhat easier to post outsized return figures.
While
hedge funds have proliferated overseas, the Australian
hedge fund community has remained a
relatively small part of the funds management landscape.
Due to the
relatively smaller size of IRA accounts and the answer to the previous question regarding
hedging sector ETFs, qualified accounts are kept simple.
«These can be a way for people to take a
hedge fund for a test drive, because you can do it with a
relatively small amount of money and you have a reasonable amount of transparency,» says Hallett.
The tracking error will be
relatively small, especially compared to something like a basket of
hedge funds, which will at the very least would minimize reputational risk.
The
relatively small amount of core stock allocation that is invested in European stocks is divided between low volatility international stocks, US Dollar
hedged international stocks, and large - cap value international stocks.
And in reality, Record's
relatively indifferent when it comes to pitching / winning mandates — since larger passive
hedging mandates often mean any potential fee gap (vs. dynamic
hedging / currency for return mandates) is much
smaller in revenue terms.
The portfolio manager of the AlphaNorth Partners Fund (
hedge fund), and the AlphaNorth Growth Fund and AlphaNorth Resource Fund (mutual funds), noted that while short positions are a
relatively small part of the firm's strategy, they are being used more these days.