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Gordon launches offshore version of multi-manager fund

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Gordon Asset Management has launched a Cayman-domiciled, offshore version of its AIJED Multi-Manager Absolute Return Fund.


 


The original fund has a 10 per cent annualised net return since inception in March 1997, low volatility, low correlation to other asset classes and indices, and has only been down four months in eight years.


 


The new offshore AIJED Fund, which is available to both non-US investors and US tax-exempt investors, is structured to provide a 5 per cent return over Treasury bills with limited downside risk and no significant market correlation. Gordon performs a bottoms-up due diligence process while concurrently assessing the macro-economic environment to determine how each included strategy and sector may perform in both current and future market conditions.


 


“By meticulously selecting each underlying AIJED manager we’re able to recognize the truly talented performers,” said Arthur S Gordan, Managing Meber of Gordon Asset Management. “We then employ in-house proprietary analytics to dynamically monitor each manager, mitigate risk and efficiently rebalance the portfolio. We anticipate healthy interest in this Fund as the US version boasts an eight-year track record of consistent, absolute returns with very few drawdowns.”


 


The new AIJED Fund is Gordon Asset Management’s first inroad into the offshore hedge fund marketplace, and is a direct response to growing demand from international investors, family offices, pension funds, and endowments. In February 2005 AIJED was included in the Top 10 Risk Adjusted Fund of Funds by MAR/Hedge, and ranked as No1 for the previous 60 months. The firm also manages Gordon Associates, a more aggressive fund seeking to outperform the S&P 500 Index.


 

Background notes: Gordon Asset Management LLC is a New York-based firm that manages funds of hedge funds. Founded in 1997, the firm’s team consists of experienced professionals from a variety of financial disciplines: accounting, banking, legal, investment management, and trading. The firm’s core philosophy is to preserve capital and provide superior risk-adjusted rates of return.

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