Bullman Investment Management has officially launched its global multi-strategy hedge fund, the Bullman Global Fund.
Bullman Investment Management has officially launched its global multi-strategy hedge fund, the Bullman Global Fund.
The fund’s objective is to seek long-term capital appreciation in a broad array of quoted instruments, notably global equities, bonds, commodities and derivatives.
While the fund has been managing money since June 2008, marketing of the fund has been low key until now.
With the appointment of Roger Mortimer, previously vice president of Kotak Mahindra (UK), to head of sales, the firm intends to raise assets from third party investors now that a one-year track record has been achieved.
Nick Bullman, managing partner at Bullman, says: ‘Since launch, the Bullman Global Fund has returned 0.76 per cent compared with its benchmarks – the Tremont MS Index and MSCI World Index – returns of -13.76 per cent and -36.43 per cent respectively over the same timeframe. We believe there are times in the economic cycle when macro investments provide the best risk adjusted returns and liquidity. At other times, equity valuations become so compelling that they provide a better long term risk reward payoff. Our strategy is to run three distinct and separate portfolio modes. Stress mode, transition mode and benign mode. These modes are triggered by objective external inputs. This approach allows us to control risk and preserve capital, and to search the globe for investments that meet our risk return objectives.’
Mortimer adds: ‘I am delighted to have joined BIM, which I believe has a sensibly conservative approach to investing in the current climate with the flexibility to transit through to a higher risk strategy, as and when true market fundamentals return. The fund is aimed at long term investors, with a focus on minimising draw-downs during times of high volatility, whilst maintaining long-term appreciation for the patient investor through a value-based approach.’
