Category Investments

RMB MultiManager Fund wins International Award

31 January 2007 Momentum Wealth

The RMB Multimanager Global Diversified Fund has won the Hedge Funds Review's European Fund of Hedge Funds Award 2006 (the Best-Performing Diversified FoHF Over One Year On A Risk-Adjusted Basis category).

According to Louise Usher, Head of Asset Consulting at Momentum, "the Global Diversified Fund achieved a tremendous 13.5% over 12 months to October 2006 and 10.9% p.a. since inception with a standard deviation of 4.8%.

The objective of the Global Diversified Fund is to deliver long-term capital appreciation and above average risk-adjusted returns by investing in a diversified number of funds across a range of absolute return strategies, regardless of market conditions.  The fund has an allocation of approximately 50% to market neutral strategies, with the balance in the European, North American and Asian equity long/short strategies".

The fund was up against the following short listed funds:
- GAM Diversity II US$ Open
- American Express Alternative Investment Fund (Lux) Global Market-Neutral Moder - Dinvest Concentrated Opportunities Ltd
- Liongate Multi-Strategy Fund
- Santa Clara Holdings - Class A.

In addition, the RMBI European Equity Alpha-Plus Fund was also nominated for the Best-Performing Specialist FoHF Over Three Years On A Risk-Adjusted Basis category. The fund has delivered 22.2% over the last 12 months to October 2006 and 12.3% p.a. since inception. Performance numbers are stated net of all fees.

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