New York (HedgeCo.net) -Hedge fund manager Bandon Capital Management LLC, has launched of Bandon Absolute Return Core, a liquid, multi-strategy investment providing diversified alternative exposure in a single separate account, available to both accredited and non-accredited investors.
The strategy provides equal exposure to Bandon’s two single strategy liquid alternative investment approaches in a convenient single account. Bandon’s Directional Interest Rate Strategy, an active duration, absolute return strategy focused on US Treasury securities paired with the Bandon Hedged Equity strategy, a long-short equity strategy comprised of a concentrated, high-conviction long portfolio and a broad market hedge.
Like all Bandon strategies the Absolute Return Core strategy offers daily liquidity, transparency, low minimums ($75,000), and 1099 tax reporting. The strategy is offered predominately as a separately managed account (SMA), but is also available as a Unified Managed Account (UMA) and in sub-advisory relationships. The Strategy is available at most major custodians including Fidelity, TD Ameritrade, Pershing and Trust Company of America . It can also be accessed via unified managed account platforms including Placemark and Adhesion Wealth Solutions as well as a number of broker-dealers.
“It became clear to us that Advisors wanted one, all purpose alternative strategy in a convenient delivery vehicle, much the way a fund of hedge funds provides diversified alternative exposure to significantly larger investors. Given the diverse nature and low correlation of our two single strategies, they combine to provide compelling alternative exposure, while maintaining low correlation to traditional equity and fixed income benchmarks” said Bill Woodruff , Bandon’s Founder and President.
Bandon has been managing accounts in the Absolute Return Strategy since December of last year and is up YTD through August 3.32% vs. -6.58% for the S&P 500 and -0.30% for the HFRI FoF index.
“Advisors and investors continue to be wary of long only strategies and are keenly attuned to downside risk and the high correlation among markets. Absolute return strategies that protect capital and are not dependent on traditional market movements to generate positive returns are increasingly becoming an important part of investor portfolios”, said Bill Woodruff .
Editing By Alex Akesson
