Global Investment Advisors Limited (“GIA”), a London-based investment management firm owned by Integrated Asset Management and specialising in global fixed income fund management and alternative investment strategies, announced today that it had launched the GAIM Market Neutral Fund Limited fund of hedge funds.
GAIM Market Neutral has a passive investment strategy, where assets are invested in up to 20 leading index constituent hedge funds in the Market Neutral Sub-Index of the CSFB-Tremont Hedge Fund Index. The Fund’s assets are allocated to some of the largest investible hedge funds by asset size. GAIM Market Neutral is designed to provide investors with above average returns that are not correlated with the performance of the overall equity markets.
“GAIM Market Neutral allows the investor to gain access to the hedge fund industry through a portfolio of leading market neutral hedge funds that capitalise on market and price inefficiencies through arbitrage strategies involving the equity and bond markets,” explains the company. “These usually entail being simultaneously long and short in equity portfolios of the same size within a country. Investments in the Fund will be entirely transparent, disclosing all of the underlying funds and weights in the portfolio enabling the investor to be aware of exactly where their money is being invested.”
The minimum investment into the Fund is US$100,000 or ?100,000 as GAIM is available in both Euro Shares or US Dollar Shares.
GIA is also marketing Capital Protected Notes that are being arranged by Lehman Brothers International (Europe) and are linked to the performance of GAIM Market Neutral. These Capital Protected Notes provide full capital protection at maturity as well as additional leverage that allows investors to benefit from enhanced performance.
Commenting on the launch of GAIM Market Neutral, Emanuel Arbib, co-founder and Chairman of GIA and Chief Executive Officer of Integrated Asset Management Plc said: “The GAIM Market Neutral is a product that follows a multi-manager approach dedicated to market-neutral strategies. The Fund allows investors who are seeking a combination of attractive total returns with low volatility to invest in a diversified portfolio of leading market-neutral funds. We believe that there is a real appetite in the mrket for a product like GAIM Market Neutral.”
The launch of GAIM Market Neutral follows the success of GAIM Hedge Fund Ltd., which was launched in August 2001 by GIA and which has a passive investment strategy where assets are invested in up to 40 hedge funds, allocated to five to ten of the largest investible funds by asset size (in the CSFB-Tremont Hedge Fund Index) in four main strategies – macro, market neutral, long short equity and event driven.