The Headstart Fund of Funds advised by Headstart Advisers and chief investment officer Najy Nasser outpaced the leading fund of hedge funds benchmarks for the fourth consecutive year.
The Headstart Fund of Funds returned an estimated 11.21 per cent in 2012 and has returned 54.26 per cent from 1 January 2009 at an annualised rate of 11.45 per cent with a Sharpe Ratio of 1.63.
By comparison a leading fund of hedge funds index, the HFRI Fund of Funds Composite Index, returned 5.25 per cent in 2012 and has returned 16.92 per cent from 1 January 2009 at an annualised rate of 3.99 per cent with a Sharpe Ratio of 0.88. The single manager HFRI Fund Weighted Composite Index returned 6.16 per cent in 2012.
The strong outperformance of the Headstart Fund of Funds highlights the significant gulf between the premier managers and the industry as a whole.
Nasser says: "The Headstart Fund of Funds has continued to produce steady returns, with controlled volatility at a time when interest rates are at record lows during what has been a challenging period for market participants.
"Whilst the health of the global economy and political developments across Europe and the US have dominated headlines and resulted in increased uncertainty in markets over the past year, the portfolio has shown its ability to successfully adapt to the environment.
"We will continue to work hard as we embark on a new year and endeavour to build on the fund's successful 13 year history of producing attractive risk-adjusted returns."