Posting another double-digit year and building on the Fund’s 13 year track record the Headstart Fund of Funds advised by Headstart Advisers Ltd and CIO Najy Nasser outpaced the leading fund of hedge funds benchmarks for the 4th consecutive year.
The Headstart Fund of Funds returned an estimated +11.21% in 2012 and has returned +54.26% from 1st January 2009 at an annualised rate of +11.45% with a Sharpe Ratio of 1.63. By comparison a leading fund of hedge funds index, the HFRI Fund of Funds Composite Index, returned +5.25% in 2012 and has returned 16.92% from 1st January 2009 at an annualised rate of 3.99% with a Sharpe Ratio of 0.88. The single manager HFRI Fund Weighted Composite Index returned +6.16% in 2012. The strong outperformance of the Headstart Fund of Funds highlights the significant gulf between the premier managers and the industry as a whole.
Headstart Advisers’ CIO, Najy N. Nasser, commented: “The Headstart Fund of Funds has continued to produce steady returns, with controlled volatility at a time when interest rates are at record lows during what has been a challenging period for market participants.