Hedge Fund Awards 2015

Hedge Fund Awards 2015 www.acquisition-intl.com 53 “Steben Select Multi-Strategy Fund is an SEC-registered fund of hedge funds that is available to accredited investors and has a minimum investment of $25,000. We launched the fund in August 2013, and we are fortunate to have enjoyed strong performance to date. We focus on hedge funds from around the world that specialise in 4 key strategies including: low beta equity long/short, quantitative equity market neutral, global macro and fixed income relative value. “These strategies tend to be more liquid, which allows managers to reposition themselves more quickly in response to market conditions. They also don’t have a persistent long bias, which means that they have the potential to gen- erate positive returns even in a bearish environment for traditional asset classes. “Our approach tends to contrast with many other fund of funds, which seem to have invested in more long-biased and more illiquid strategies in recent years. This may have helped improve their performance, but could leave them exposed to a reversal in the markets. “We also focus on hedge funds that have historically had very low correlation to each other, which can help further reduce the volatility of the fund and make it a great diversifier.” n US Fund of Hedge Funds - Steben Select Multi-Strategy Fund