DGAM’s tail hedge returns 124% in August
Mon Oct 3, 2011
In a month that seems to be the worst since 2008 for funds of
hedge funds and at a time when funds of funds have to keep
justifying their existence, the Toronto-based team at
Diversified Global Asset Management are a bit confused. To
them, fund of funds differentiation is as simple as investors
versus allocators. Nothing can illustrate this difference as
well as a 124% return for the firm’s tail hedging
strategies for the month of August 2011.
Overall, the $5.5 billion firm’s
port¬folios ended between 467 and 598 basis points above
the InvestHedge Composite net of fees for the year to end of
August. This includes the DGAM Diversified Strategies Fund (up
0.67% in August and 2.64% for the year to date), while DGAM
Unique Strategies Fund was up 1.51% for August and 3.96%
ISSN: 2151-1845 / CDC10004H
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