Funds of Hedge Funds

Archery reorganises FoHF business

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Archery Capital, a New York-based funds of funds operation, is re-structuring its business that until now ran five funds of funds. The firm, founded by Erinch Ozada, ran the Helios Focus Fund, Helios Opportunity Fund, Helios US Opportunity Fund, Helios Vector Fund and Helios Velocity Fund. Ozada now plans to spend more time in his native Turkey and the firm will focus on running the flagship Helios Opportunity Fund. He will retain a presence in New York. Archery, an emerging manager specialist, was given $2 million in 2008 from the $9.2 billion Louisiana State Employees' Retirement System, and