A.W. Jones Performance Update – An 11% compound return since inception as a fund of funds in 1984 puts A.W. Jones Company (the “Fund”) among the top performing global long/short equity fund of funds. Since 2002, the Fund has produced over 500 bps of annualized alpha versus the S&P 500 and MSCI World Indices. It has also outperformed in absolute terms, while having volatility of about half of the major market indices and an average net exposure of approximately 50%.
A.W. Jones uses no leverage at the fund of funds level and invests in high-quality managers who follow the model of hedged long/short equity investing pioneered by the firm’s founder, Alfred Winslow Jones, in 1949.
• A.W. Jones was founded in 1949 as the world’s first hedge fund, and was converted into one of the earliest fund of funds in 1984.
• The investment committee of the fund is composed of Robert L. Burch IV, Robert L. Burch III, and Reid R. Miles, who collectively have over 50 years of experience in the alternative investment industry. Miles Howland & Co. LLC is a New York based investment management firm focused on alternative assets, including hedge funds, private equity and real estate.
• Miles Howland and Co. LLC and A.W. Jones Company have entered into a joint venture agreement whereby A.W. Jones Fund will be offered on the Miles Howland & Co. platform and Miles Howland & Co. serves on the A.W. Jones Investment Committee.
• The firm works with domestic and international clients in creating differentiated alternative asset investment solutions. The Miles Howland & Co. client base includes substantial private and institutional investors.
