Standard & Poor’s Fund Services announced that it has assigned a AA fund management rating to the Acropolis Multi-Strategy Fund…..
Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
Click here to register for your free copy
Launched in January 2002, this fund-of-hedge-fund is managed by Cameron Chartouni, who is the CIO of Acropolis, a group founded from the Chartouni family office’s hedge fund investments. Chartouni is supported by five hedge fund analysts.
The fund aims to achieve U.S.$ LIBOR +5% over a market cycle with low volatility (around 5%) and low correlation to equity and bond markets. Chartouni takes a mainly bottom-up approach to constructing the portfolio, although his hedge fund selection is guided by the team’s top-down strategy views.
In terms of performance, Acropolis has participated fully in 2009’s recovery, and has one of the best multi-strategy track records over three and five years annualized, having returned 11.1% in 2009. Redemptions from the fund were relatively small.
“This strong track record based on effective use of resources by a risk-aware manager who is focused entirely on this product and prepared to back his convictions, allows the fund to achieve an S&P AA rating,” said S&P Fund Services lead analyst, Randal Goldsmith. “Chartouni continues to have a large weighting in global macro and thinks that there are good selection opportunities in credit and distressed issues. He also expects a pick-up in M&A and thinks the market environment is good for fundamental stockpickers.”
Source: ETFWorld – Standard & Poor’s
Subscribe to Our Newsletter
