High octane
Financial services group HFA Asset Management has launched a new fund in its capital-protected Octane series of absolute return investment funds that will target a return of 10 to 15 per cent per annum.
The Lonsec-recommended fund, HFA Octane Five Fund, will provide leveraged exposure to the Lighthouse Partners Global Long Short Fund, which boasts $300 million in assets under management and more than 20 specialist equity long short managers, according to HFA.
Commenting on the release, HFA Asset Management joint managing director Oscar Martinis said the investment has a record of risk-adjusted returns in volatile markets.
“From October last year until the end of February this year the fund clearly demonstrated its ability to preserve capital, falling just 1.93 per cent against negative returns of nearly 11 per cent for the MSCI World, more than 12 per cent by the S&P 500 and nearly 12 per cent by the Dow Jones,” he said.
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