Funds of Hedge Funds

Fundana’s three-tier approach drives top managers to its core


Dariush Aryeh’s Fundana backs only the best in new manager talent on a gradual scale of investment until they graduate to become the ‘tried and tested’ elite

By Claire Makin

Dariush Aryeh
At Geneva-based Fundana, the principals have hit upon a way of wringing the best returns out of their managers – invest early and exit when they get too big.

Dariush Aryeh, who co-founded Fundana with Thomas Alessie in 1993, cites a string of top-performing names, some of which Fundana selected when the ink was barely dry on the managers’ offering documents.

They include John Thaler’s JAT Capital, Wayne Cooperman’s Cobalt Management, Tye Schlegelmich’s Sonterra Capital, and Senator Investment Group, run by Alex Klabin and Doug Silverman.