Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Fixed Income

Forsyth: Bermuda Is Home for Range of Funds

Your article was successfully shared with the contacts you provided.

CROYDON, United Kingdom (–Forsyth Partners Ltd., a global asset manager, has launched what it calls a “range” of funds of funds designed to appeal to different levels of risk tolerance among investors.

The four new funds, each domiciled in Bermuda, share many characteristics. Each has a minimum investment of US$10,000 or the currency equivalent, with subsequent investment of US$5,000. Each has an annual management fee of 2%. All are available in a choice of currencies: pounds, dollars or euros.

The new funds were launched Dec. 31, 2004. They have much the same team of service providers: Conyers Dill & Pearman (legal); PricewaterhouseCoopers (accounting and auditing); and Bank of Bermuda (custodian).

But the funds have distinctively different portfolios. Three of them have diversified portfolios combining five asset classes–equities, fixed income, hedge, property and commodities. The lowest risk of these three funds, Forsyth Managed Cautious Fund, only has 5% equities (60% fixed income, 25% hedge, 5% property and 5% commodities). The medium-risk sister, Forsyth Managed Balanced Fund, has 35% equities (15% fixed income, 25% hedge, 5% property and 20% commodities). The high roller of the family, Forsyth Managed Aggressive Fund, has 65% in equities (5% fixed income, 5% hedge, 5% property and 20% commodities).

The fourth product, Forsyth Managed Hedge Fund, is 100% exposed to hedge assets. But in a statement, the company said that this fund, too, would “offer exposure to a mix of alternative investment strategies including long/short equity, global macro, market neutral, convertible arbitrage, fixed-income arbitrage and event-driven.”

The Forsyth Managed Hedge Fund will be priced on a monthly basis. The others will be priced on a weekly basis.

Portfolio decisions are to be made by a team approach, said a spokeswoman, and Forsyth’s chief investment officer, Peter Toogood, along with senior research analyst Aljoscha Haesen, leads the team.

Contact Bob Keane with questions or comments at: [email protected].


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.