HDF Finance, a leading French-based independent fund of hedge funds manager, has launched HDF Optimix 2x, a fixed-income long/short fund of hedge funds which is a two times leveraged versi
HDF Finance, a leading French-based independent fund of hedge funds manager, has launched HDF Optimix 2x, a fixed-income long/short fund of hedge funds which is a two times leveraged version of the firm’s existing EUR250m HDF Optimix fund.
A key characteristic of HDF Optimix is its very low correlation to both equities and bonds compared with many multi-strategy fund of hedge funds, as well as an exceptionally low volatility risk.
The HDF Optimix 2x fund enables HDF to provide its clients with a fixed-income long/short fund of hedge funds that retains the low risk, low volatility, low correlation characteristics of HDF Optimix, but has the ability to generate higher returns. The return objective of HDF Optimix 2x is 5 per cent above a euro risk-free rate (Eonia) over five years.
Gilles du Fretay, president and co-chief investment officer of HDF Finance, says: ‘Our existing Optimix fund is a successful fixed-income fund with a strong seven-year track record. We are seeing increasing demand from investors for a fund that retains Optimix’s low correlation to the equity and bond markets, but which has a higher return potential. This new fund, with its 2x leverage, is already proving popular with our investors.’
Created in 1986, HDF is a pioneer in alternative multi-manager funds and is one of France’s leading asset managers with USD4.5bn in assets under management for institutional and high net worth individuals globally. The HDF group employs more than 64 people and has offices in France, Switzerland and the Benelux countries.
HDF currently manages 27 individual funds comprising 19 directional, alternative and flexible multi-manager funds that are registered and regulated in France, and a further eight offshore funds.
