University of London fund takes investing to the next level via the tactical route

October 10, 2012  


Credit on the agenda as SAUL’s hedge fund confidence grows


By Pirkko Juntunen

The product diffusion curve describes how consumers can be grouped according to how quickly they adopt a new product. This curve can just as easily be applied to consumers of investment products and strategies as to those of new technology, where this curve is most commonly applied.

The theory classifies consumers according to five categories (see box, page 12) ranging from ‘innovators’, which are well-informed risk-takers willing to try an unproven product, right through to ‘laggards’, who avoid change and may not adopt a new product until traditional alternatives are no longer available.

The Superannuation Arrangements of the University of London, commonly referred to as SAUL, was set up in 1976 and is the pension fund for non-academic employees for the majority of the colleges within the University of London, Imperial College and University of Kent. It would seem that SAUL is content to be characterised towards...

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Data

May 2013 Fund of Funds

Composite
Index Composite
InvestHedgeMay 13YTD%
Composite0.90%4.99%55%
Arbitrage USD1.02%4.59%51%
Asian Pacific Fund of Funds0.63%7.28%42%
Commodities-0.27%-0.94%55%
Distressed1.14%4.90%74%
Emerging Managers1.55%5.39%30%
Emerging Markets Hedge USD0.15%3.55%70%
European Equity EUR2.01%6.66%100%
European Multi Strategy EUR0.94%5.73%73%
Fixed Income USD0.90%4.78%59%
Global Equity USD1.35%7.13%61%
Global Macro Currency USD-1.29%2.44%77%
Global Multi Strategy EUR1.09%5.08%52%
Global Multi Strategy USD1.03%5.03%45%
Leveraged Global Multi-Strategy USD0.56%5.27%68%
Managed Futures-1.60%1.93%59%
Self-Invested Fund of Funds USD0.50%3.90%91%
US Equity1.86%7.68%73%

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