WEST PALM BEACH, FL (www.hedgeco.net) – The Swiss based Systematic Absolute Return AG is gearing up to launch its second fund of hedge funds product according to Investors Offshore report. The new strategy, called the SAR Highland Fund is expected to generate $100 million and will be targeting annual returns in the range of 10 percent.
The new strategy will concentrate on “niche, complementary low risk strategies†according to published reports. The fund will be allocating about 43 percent of its assets to its global portfolios, while its US portfolio will constitute about 33 percent of the total allocations. The emerging market allocation will be in the range of 15 percent, while its European portfolio will receive about 9 percent of the funds trading assets.
The Systematic Absolute Return AG fund will charge a management fee of .5 percent and an additional performance charge of 15 percent; trading with volatility in the range of 3 percent. The new fund would deploy capital to a diversified portfolio of about 40 to 60 portfolios.
According to Investors Offshore, Arne Schmidt and Michael Arndt of the Systematic Absolute Return Company, a hedge fund manager overseeing over $200 million in total investor assets, will manage the fund.
Paul Oranika
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