Optima Fund Management has launched the Optima Absolute Return Fund Limited with investor seed capital of $10 million. The multi-strategy fund-of-funds has started trading with thirteen managers using seven different strategies, including global macro, fixed income relative value, hedged equity, and convertible arbitrage.
Optima, which has managed multi-strategy portfolios for institutions for over three years, decided to launch its own fund to meet investor demand.
“Over the years, we have created a first class investment research capability in house with experienced and talented people to meet the needs of our high net worth and, increasingly, institutional client base,” says D. Dixon Board man, the Managing Director of Optima. ” With our deep understanding of the underlying strategies and with access to outstanding managers, we expect this fund to be very successful.”