Cayman Islands Fund Manager Launches Hedge Fund For Rich Investors

Philip Morton, Investors Offshore.com, London

01 February 2001

Oxford Advisors Ltd, a Cayman Islands-based provider of hedge fund products which has been steadily boosting its hedge fund offerings, is soon to launch a new hedge fund for actively trading world stock markets.

The crux of the new fund is that it seeks to minimise risk (rather a contradiction in terms for a hedge fund, to which the word risk is inexorably bound). It will do this by avoiding significant exposure to any particular industry or market sector, and therefore will be investing in baskets of equities, mainly US ones, which will be a real mixed bag. The minimum investment is high at US$1m and the annual management fee is 1 per cent.

Patrick Harrigan, managing director of Oxford Advisors, stated: 'By investing in liquid assets with low concentration in any single position, we can protect investors from the volatility normally associated with high-frequency trading.'

Oxford Advisors was set up in 1996, launched its first product in 1998, and this latest offering brings its total assets under management to around US$1bn.

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