Multi-Strategy Fund

Most investment strategies contain a mix of ‘asset classes’. These asset classes are normally represented by shares (equities), Bonds (fixed interest) property and cash. However, Hasley believes that true diversification and a real chance of risk management, a broader range of assets to include alternative and low and non correlated investments needs to be included in the mix. Thus Investment Trusts of Hedge Funds, Property, Tradeable Life Policies, Private Equity and Absolute Return products are all considered.

Therefore this fund is designed for investors who wish to combine the long term attractions of equity investment with the risk reduction objectives of some of the latest generation of “alternative” investments. The fund is considered by Hasley to provide a total portfolio management solution for medium risk investors.

Hasley undertakes the strategic asset allocation for the fund on a dynamic basis to reflect its assessment of investment opportunities. Implementation is carried out on an “open architecture” basis, i.e. through the carefully selected funds of third party managers. Managers are chosen on merit, rather than through rigid strategic alliances and in order that they should add value within their asset class. The chosen funds may come from esoteric boutiques or pockets of excellence within hosehold name managers. The resultant Hasley Multi Manager portfolio is constructed, therefore, to reduce volatility as compared to portfolios consisting almost exclusively of equities, while allowing significant participation in periods of satisfactory equity performance.

The portfolio will consist approximately fifty per cent of UK and Global equity positions and fifty per cent of asset classes likely to have a nil or low correlation with equities. Hasley will vary such proportions as it deems appropriate.

The most important element of our “alternative” investments will, at least initially, be in various forms of collective investment schemes investing in hedge funds. In Hasley’s judgement such investments are highly diversified and likely to offer more stable returns than those associated with private client long only and fixed income. This section of the portfolio is also likely to include property related exposure at home and increasingly overseas; some global private equity; life assurance products and some specialist absolute return investments.

INFORMATION / RISK WARNINGS

This document has been produced for information only and represents the views of Hasley Investment Management at the time of writing. It should not be construed as Investment Advice. No investment decisions should be made without first seeking advice. Full details of the Hasley Funds, including risk warnings, are published in the Elite Hasley Investment Funds Prospectus. The Hasley Funds are subject to normal stock market fluctuations and other risks inherent in such investments. The value of your investment and the income derived from it can go down as well as up, and you may not get back the money that you invested. Investments in overseas equities may be effected by changes in exchange rates, which could cause the value of your investment to increase or diminish. Capital appreciation in the early years will be adversely affected by initial charges, so you should regard your investment as medium to long term. Past performance is not a guide to future performance. Every effort is taken to ensure the accuracy of this data, but no warranties are given.