Investors previously focused on fund of fund managers are now looking to multi-strategy firms for less directional strategies within more appealing fee structures.
Newport Beach, CA (PRWEB) September 26, 2013
Nick Maounis of Verition Fund Management headlined the Ivy Family Office Newport Beach, CA Trends in Family Offices Forum with a discussion on “The Post 2008 Multi-Strategy Hedge Fund.” The Forum was held on September 12th in Newport Beach, CA.
According to Mr. Maounis, “The post-2008 environment has created a robust opportunity set for multi-strategy hedge fund managers. Investors previously focused on fund of fund managers are now looking to multi-strategy firms for less directional strategies within more appealing fee structures. Additionally, more and more firms are learning to appreciate the benefits of collaboration among portfolio managers across asset classes. While historically most multi-strategy funds have run their businesses as independent siloes, opportunities for cross-pollination of ideas between the different trading groups have never been stronger.”
Several of the larger players are outgrowing the capacity of many of their core strategies rendering them unable to provide the same level of consistent returns they once could. Drawing upon his past experiences, Mr. Maounis has built Verition as a boutique hedge fund, targeting just $750 million in assets. This smaller size allows Verition to focus on capacity-constrained strategies with higher Sharpe ratios typically inaccessible to large hedge funds. Further, it affords Mr. Maounis the ability to react to market shifts on a real time basis and dynamically size allocations across asset classes.
Verition has a five year track record of consistent outperformance, annualizing at approximately 13% with volatility below 8%. The fund has performed particularly well in difficult market environments, posting a 20% gain in 2008.
Mr. Maounis oversees the day-to-day investment activities of Verition, including the allocation of capital across strategies. Previously, he was the founder of Amaranth Advisors and a portfolio manager at both Paloma Partners and Angelo Gordon & Company.
Verition Fund Management LLC (“Verition”) is an SEC-registered investment adviser launched in 2008 by Nicholas Maounis. Verition seeks to capitalize on global, cross-asset class and sector-specific investment opportunities. Verition currently manages $277mm in assets. Please contact Alex Maloney, Director of Marketing, for more information at 203-742-7705 or amaloney(at)veritionfund(dot)com.
The Ivy Family Office Network Forum provides an ongoing dialogue for family offices to support high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.
About The Ivy Family Office Network
The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending events around The Americas within the past 12 months. Some of the more than 1,400 past speakers have included 5 of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices.
Premier Speakers have included Ron Baron, Fred Nazem, John Taylor and many others. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
IvyFON’s expertise is an outgrowth of one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus originated as a peer to peer private equity, real estate and hedge fund network consisting of Ivy League and comparable school alumni as well as meritorious participants in the program. The group supports New York City and Los Angeles deal networks across multiple disciplines including private equity, health care and real estate. More than 12,000 investment, family office and institutional investment professionals have attended forums globally.
For more information on the Ivy Family Office Network, contact Marty Secada at 646-290-8114 or at ivyfon.com/contact.html.