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Products May 21, 2010
Firm Unveils Alternative Investment Fund-of-Funds
May 21, 2010 (PLANSPONSOR.com) – Navellier & Associates has announced the launch of Navellier Select, L.P. in January 2010, an alternative investment fund-of-funds.
Reported by Fred Schneyer
A news release said Navellier Select, L.P. is a dynamically managed portfolio of hedge funds that pursues diverse managers, strategies, and asset classes across liquid global markets. The portfolio consists of seven to 12 uncorrelated funds, managing over $3.4 billion in combined assets that have demonstrated exceptional risk-adjusted returns.
“The fund-of-funds concept is not new to us,” said Louis Navellier, Chief Investment Officer, in the news release. “We’ve acted as a consultant for multi-manager portfolio evaluations for clients for years, analyzing how a client’s group of investment managers blend together, using the same or similar statistical tools we use in constructing equity portfolios for clients.”
More information about the company is at http://www.navellier.com/.