TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds
TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds.
The fund seeks absolute returns by focusing on hedge fund managers that specialise in the global property sector. The portfolio will include property hedge funds from prominent management firms such as Credit Suisse, Thames River Capital and New Star Asset Management.
‘With increasing uncertainty and volatility in the property sector, a fund of hedge funds approach to this asset class looks extremely favourable,’ says TriAlpha director Cobus Kruger. ‘The easy money has been made – given this volatility it’s now time for the skills of hedge fund managers to be employed.’
TriAlpha has a 10-year track record in managing funds of hedge funds, and through Stonehage Property Partners the group has extensive experience in property investment.
‘Using a fund of funds approach allows us to exploit opportunities across global property markets with an absolute return focus through the full property cycle,’ says Sean Curry, head of TriAlpha’s fund of hedge funds team.
‘Typically, investment exposure in this sector is long-biased and often less liquid. This fund addresses the cyclicality of the asset class on the long side, and, because of the hedge fund approach, has the ability to reduce the downside – in fact we can actually generate alpha through managers’ short positions.’
The minimum investment for institutional investors in the TriAlpha Global Property Strategy Fund is USD5m or its equivalent in other currencies. Retail fee structures are also available.
The TriAlpha Group is an asset management house with an absolute return bias and a track record of investment performance since 1997. The firm offers a range of multimanager hedge funds, boutique funds and portfolio solutions to clients including institutions and high net-worth families.
The Stonehage Group, which has offices in Switzerland, the UK, Jersey, Israel, South Africa the US and Australia, provides international families with wealth management and fiduciary services and has more than USD25bn in assets under administration.
