Octane Management BVI Limited has appointed Muirfield Capital Management, LLC as an Investment Advisor on a moderate risk fund of funds mandate.
Muirfield will manage a separate account for Octane, to mirror the Muirfield Absolute Return Fund, which was recently nominated as a finalist by MARHedge as the best single strategy Fund of Hedge Fund of the Year.
'We are excited at the appointment of Muirfield to manage this fund for us,' says Lara Price, Head of Research at Octane. 'The fund has a very specific mandate, being a predominantly long-short equity fund of funds, and Muirfield has shown an ability to pick superior managers in this space. We believe that the US continues to produce superior hedge fund managers and hence the mandate is an attractive one. This mandate complements our existing building blocks very well and further enables us to tailor product for our institutional clients.'
Octane CEO Robbie Alexander adds: 'We have demonstrated an ability to create alpha for our clients and have carved a niche in the higher performance space. These returns have been produced without the use of leverage, from which we tend to steer clear. Institutional investors have become increasingly discerning of their investment in hedge funds. They no longer simply want to gain exposure, but now have certain performance expectations and often other requirements to be met. We aim to meet the demand by creating solutions that are tailored and unique.'
Octane, an alternative investment solution provider has institutional clients around the globe and structures alternative investment solutions that are tailored to meet their individual needs. With assets under management in excess of USD 1 billion, Octane is a significant global fund of funds solution provider.
'We are pleased to be affiliated with a premier organization such as Octane which delivers outstanding investment products to its institutional clients worldwide,' says Geoff Stern, President and CEO of Muirfield Capital Management.
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