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Investment management
company Caveo Fund Solutions (Pty) Ltd focuses solely on the
construction, monitoring and maintenance of fund-of-hedge-fund
portfolios. The company believes hedge funds deliver risk-and-return
streams that differ from traditional asset classes and that
including them with traditional assets will improve a portfolio's
risk-adjusted return over time. |
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Caveo's shareholders,
Investment Solutions Holdings Limited and Peregrine Financial
Services Holdings Limited, are two of the leading South African
names in investment multi-management and hedge-fund management
respectively. By using the shareholders' systems and
infrastructure, Caveo is able to benefit from technologies costing
several million Rand a year. |
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Caveo's investment and
risk committee, which is responsible for all the company's
investment-related decisions, includes several of the most senior
investment professionals within both shareholders' businesses. This
committee strives to construct portfolios that achieve
diversification across manager styles to achieve required portfolio
returns in a variety of market conditions. The committee has
appointed David Bacher and Byron Green as the portfolio managers
of the Caveo Performance, Moderate and Stable Portfolios. |
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Caveo Performance |
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This portfolio, managed by Caveo
Fund Solutions, is aimed at delivering positive investment
returns and preserving capital in all market conditions without
the volatility normally associated with traditional “long-only”
investment strategies. It may be appropriate for investors
requiring absolute returns with reduced dependence on
equity-market movement. Within this portfolio, returns above a
composite benchmark comprising 35% equities and 65% cash over
any three-year rolling period are targeted. |
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Caveo Moderate |
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This portfolio, managed by Caveo Fund
Solutions, is aimed at delivering positive investment returns and
preserving capital in all market conditions without the volatility
normally associated with traditional “long-only” investment
strategies. It may be appropriate for investors requiring returns
with a low correlation to the equity markets and diversification
benefits to their overall investment profiles. Within this
portfolio, returns above inflation plus 5% a year over any
three-year rolling period are targeted. |
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Caveo Stable |
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This portfolio, managed by Caveo Fund
Solutions, is aimed at delivering positive investment returns and
preserving capital in all market conditions. It may be appropriate
for investors requiring returns uncorrelated to the equity markets
and higher than from cash investments. Within this portfolio,
returns above inflation plus 3% a year over any three-year rolling
period are targeted. |
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