LAKEVILLE, Conn. (HedgeWorld.com)–Ibbotson Associates Advisory launched a hedge fund of funds program that offers services such as manager selection and due diligence, style analysis, risk management and customized portfolio construction.
The service is designed for financial intermediaries, including asset managers, insurance companies, registered investment advisers, brokers and private banks.
Industry veteran Ezra Zask joined Ibbotson as director of the hedge fund advisory group. Mr. Zask has developed and worked with various hedge fund businesses. He was adviser to Standard & Poor’s hedge fund index Previous HedgeWorld Story and involved in manager selection and due diligence for the Zurich Financial hedge fund index program Previous HedgeWorld Story.
Regarding the new Ibbotson venture, “The program will develop portfolios for other institutions and eventually have its own fund of funds,” Mr. Zask explained. It already has a large mandate from a private bank.