Hedge Funds

Volatility fund closes to new investors, adds BNP vet


After experiencing high growth, AM Investment Partners has closed its volatility hedge fund to new investors and added a portfolio manager.

AM Investment's V Fund gained 7% last year during an extended period of low volatility, but investor interest in the fund spiked after volatility began to skyrocket in February. The added volatility also pushed the diversified volatility fund's returns up 1.5% on February 27 before its return for the month slid to 0.78%.

The fund has grown to $300 million from the $7 million it began with in the summer 2005. Overall, the firm's assets have risen to $700