Funds of Hedge Funds Hedge Funds

Horizon21 opens first single-manager funds to investors


Horizon21, the Pfäffikon multi-alternatives firm led by RMF Investment Management founder Rainer-Marc Frey, has opened an internally run hedge fund to investors for the first time and is preparing to launch a second single-manager fund.

Rainer-Marc Frey

Until now, the firm's activities in the hedge fund space have been focused on funds of funds. But, after closing three of its four funds of funds last year due to disappointing returns, the firm has decided to redirect its efforts into what it refers to as "active investment strategies", mainly comprising single-manager hedge funds.

The H21 Multi-Strategy Fund launched