Canterbury Consulting, an investment advisory firm to endowments, foundations, family offices and high net-worth investors, has engaged New York-based EnTrustPermal to create a custom hedge fund-of-funds solution for its clients.
Canterbury’s engagement with EnTrustPermal will allow Canterbury to offer to its clients a custom hedge fund of funds solution without the inherent conflict of having its own product, a relatively new concept in the alternative investment and investment advisory space. This solution reflects Canterbury’s dedication to seek out innovative solutions that are well aligned for its clients. Notably, this comes at a time after significant change in the hedge fund industry.
“Customised funds such as this allow for greater transparency and control than many hedge fund of funds solutions in the marketplace today,” says Debashis Chowdhury, president of Canterbury Consulting. “In addition, they provide deeper resources for our clients to access. We believe our clients will get the best of both worlds: the benefit of a custom, tailored solution while having the comfort of knowing we, their advisor, are not conflicted.”
With 11 offices globally, EnTrustPermal offers investment solutions through customised portfolios, co-investments, direct investments and established funds across alternative strategies including diversified, strategy focused and opportunistic. At the core of the firm’s culture is a strong emphasis on personal service, a high level of communication, extensive due diligence and proprietary risk management. It currently has approximately USD20 billion in assets under management and serves more than 700 institutional investors.
EnTrustPermal’s Chairman and CEO Gregg S Hymowitz (pictured), says: “We are excited to collaborate with Canterbury Consulting to bring differentiated strategies to our investors. Our two firms share a common philosophy of developing innovative investment solutions for investors who seek new and attractive sources of return.”
