Headstart Fund of Funds (the ‘Fund’) in 2022 posted its third positive, consecutive double-digit annual return. Now in its 23rd year, the Fund’s outperformance contrasted the negative global equity and bond markets and also the less negative indices for hedge funds.
Headstart Advisers’ flagship Fund posted an absolute annual return of 20.67% for 2022 as it profited from successfully navigating last year’s difficult markets. The diverse portfolio of broadly uncorrelated strategies made positive monthly returns in seven of the eight months of 2022 that the MSCI World Index was negative. Further, as an example of the uncorrelated performance, in April the MSCI World Index was down 8.43%, whilst the Fund was up 3.48%.
HeadStart Advisers’ CIO, Najy N. Nasser, commented: “We are pleased with the way the portfolio performed in 2022, specifically the sizing of our positions in the portfolio which together allowed us to make our best comparative monthly returns when global markets had their worst periods of performance.
“This clearly demonstrates the value-add for investors of holding an investment in carefully selected alternative managers as part of a diversified portfolio. When you contrast it with the value destruction delivered by a traditional 60:40 portfolio during 2022, the hedge ‘fund of funds’ proposition should certainly be back at the forefront of an investor’s mind.
“During Covid, the opportunity set for hedge funds has been as fertile as it has been for active fund management. We believe our investment approach will therefore continue to outshine both passive and traditional fund management.
“We also expect that interest rates will remain higher for longer and going forward this will be a real obstacle for poorly run, unprofitable, businesses with poor capital structures. In turn, this will have significant ramifications for investment allocations and broader portfolios.
“Geopolitical and economic uncertainty remains high as 2023 starts to unfold and we sense that our portfolio is likely to continue to outperform in this environment”.
Previous Press Releases on the HeadStart Fund of Funds Ltd:
12/01/21 – Headstart sees stellar run for Hedge Funds continuing
28/04/16 – Headstart Fund of Funds Wins HFM Long-Term Performance Award
02/04/14 – Headstart Fund of Funds Wins HFM Award
04/02/14 – Headstart Fund of Funds Scoops 3 Performance Awards
14/01/13 – Headstart Fund of Funds Outpaces Benchmarks
20/03/12 – Headstart Fund of Funds Nominated Again by HFM
22/12/10 – Headstart Advisers Cautiously Optimistic About 2011 After Stellar Returns for 2010 and 2009
17/12/10 – Headstart Advisers’ Fund of Funds Advances To The Top
Najy N. Nasser, Chief Investment Officer – www.headstartadvisers.com
Headstart Advisers Ltd is a financial services company incorporated in 1990, authorised and regulated by the FCA as an investment advisor to the Headstart family of hedge funds (within Regulation S of the U.S. Securities Legislation and so subject to investment restrictions as set out more fully on its Website).
The directors of Headstart Advisors Limited are Najy Nasser and Henry Watkinson. The firm has its office at 1 Knightsbridge Green, London SW1.
Headstart Advisers Ltd is authorised and regulated by the Financial Conduct Authority under the Financial Services & Markets Act 2000. These press releases do not constitute financial advice or an offer or invitation to apply for investment in the fund(s).