In what has been the worst year on record for funds-of-hedge-funds (Fohfs), only two of those we rat...
In what has been the worst year on record for funds-of-hedge-funds (Fohfs), only two of those we rate made money over the nine months to end-September 2008. These are GAM Trading II (up 2.4%) and Stillwater Matrix Offshore (+3.8%). Both are single strategy Fohfs. GAM Trading II invests in managed futures traders and global macro funds, while Stillwater Matrix Offshore is a fund of asset-based lending funds. The only other positive strategy has been short selling. However, we do not know of any Fohfs that focus solely on this strategy. Short-biased hedge funds are included in portfolios ...
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