This article appears courtesy of Institutional Investor
Source: InstitutionalInvestor.com
Hedge funds of funds are looking beyond fees to win the hearts – and dollars – of pension funds and institutional investors burdened by multi-layer fee structures. New York-based Belstar Group will open its multi-strategy, multi-advisor Belstar Multi-Advisor Hedge Fund (onshore) and Belstar Multi-Advisor 2x Hedge Fund (offshore) to investors Feb. 1. The fund has been trading with partner money since October.
The fund, describes Kenneth Orr, director and chief investment officer and managing partner of Glocap Partners, is a hybrid of a fund of funds structure and a straight hedge fund in its multiple manager approach.
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