SSI Investment Management Launches First International Fund

by Carla Johnson, Investors Offshore.com

10 May 2001

US-based SSI Investment Management (SSI) has launched its first fund for international investors. According to E-Financial News, the fund is domiciled in the Cayman Islands and will offer a choice of three share classes: zero, two-to-one, and three-to-one leverage. Head of investment at SSI, George Douglas, claimed 'we are finding increasing interest from clients in leverage.'

As a specialized investment manager and pioneer of the market-neutral hedge fund, SSI says it is dedicated to achieving growth of client assets with risk averse investment disciplines. The new Cayman Islands fund will use the company's 'market-neutral strategy' which focuses on low volatility. Mr Douglas explained: 'We do take on equity long-only at client request, but this is not our priority offering. We only invest in US stocks, including the ADRs of major global corporations. We do not want to stretch our team too far.'

There is a 1 per cent administration fee in addition to 10 per cent for performances in excess of 5 per cent, and SSI says it will also offer segregated market-neutral management to global customers.

SSI currently manages around US$570 million. The company says its investment philosophy is built around three basic principles: 'A sound and objective framework for identifying superior value in the securities markets, a commitment to thoroughly research every investment made, and belief that there is no substitute for experience in successfully managing portfolios.'

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