Funds of Hedge Funds

Signet taps Fusion for hedge fund overlay


Signet Capital Management, a $2 billion fund of hedge funds founded by Bob Marquardt, has teamed up with Fusion Asset Management in London, which will provide a hedge overlay to Signet's fund of funds portfolios.

Bob Marquardt

When Signet is not using the hedge, the unused cash will be swept into Fusion's LIBOR+ strategy share classes and managed as a separate asset class, according to Donald Day, head of investor relations at Fusion.

In October, Signet, which has been an investor in the Fusion Long Only Volatility Fund since its inception in June 2008, made