Fund manager Warren Couillault has established a new investment manager in partnership with NBR Rich Listed Spencer Family Group, led by Berridge Spencer (the son of ex-paper magnate John Spencer).
Richmond Investment Management’s initial offering comprises two fund-of-fund products (Richmond International Funds) which will invest with a selection of world-class hedge fund managers.
The Richmond International Funds are available to retail investors in NZ dollars and US dollars, with a minimum investment of $25,000.
By investing with a selection of preferred hedge fund managers, Richmond aims to generate absolute positive returns regardless of the financial market environment.
This has been SFG’s experience investing in hedge funds over the past 18 years.
“As we have unfortunately seen in the past few years, financial markets don't always go up. If you can minimise or avoid losses from your portfolio from falling markets, you spend less time making up lost ground and more time actually making money over the life of your investments,” said Mr Couillault, Richmond’s chief executive.
“We believe good hedge fund managers are very good at minimising downside, so a portfolio of investments with the right hedge funds is expected to result in a combination of positive returns and low volatility,” he said.
Mr Couillault said he is looking forward to bringing the investment opportunity to New Zealand investors.
“Richmond is offering investors a truly unique opportunity to invest with what we believe are some of the best funds managers in the world. These managers are usually only accessible to super high net worth or institutional investors.”
Mr Couillault is joined on the board by Spencer Group managing director Berridge Spencer, Auckland business consultant and company director Steve Allbon and corporate adviser David Cameron-Brown.
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