Hedge Fund Reader : HFA’s hedge fund of fund strategy gets an ‘Excellent’ from Lonsec

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August 07, 2005

HFA’s hedge fund of fund strategy gets an ‘Excellent’ from Lonsec

HFA’s Diversified Investment Funds has got a very good report from Lonsec. Lonsec made its Hedge Fund of Funds sector review public recently which rated HFA as ‘most preferred’ in its sector. Lonsec feels that the fund has the ability to outperform its peers and achieve its performance targets over a full economic cycle. HFA has managed to generate positive returns from inception overcoming the obstacles of bear market and other market ups and downs. HFA’s underlying investment adviser is US based hedge fund of funds manager Lighthouse Partners (LHP). LHP has a reputation of being a high quality hedge fund of funds manager. Lonsec feels that they have all the right ingredients for a consistent performance like strong culture that emphasises capital preservation and risk management and transparent investment objectives. The fund is targeting a return of 8 - 12% per annum with a volatility of 4 – 6%. Financialstandard.com reports:

“Lonsec also highlights LHP’s transparent and measurable performance objectives over and above return and volatility as another distinguishing feature for the fund stating that this is not the case amongst all Lonsec assessed peers.”

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August 7, 2005 in Research | Permalink