Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products May 21, 2010
Firm Unveils Alternative Investment Fund-of-Funds
Navellier & Associates announced it launched Navellier Select, L.P., an alternative investment fund-of-funds, in January 2010.
Reported by Fred Schneyer
The company said Navellier Select, L.P. is a dynamically managed portfolio of hedge funds that pursues diverse managers, strategies, and asset classes across liquid global markets. The portfolio consists of seven to 12 uncorrelated funds, managing over $3.4 billion in combined assets that have demonstrated exceptional risk-adjusted returns.
“The fund-of-funds concept is not new to us,” said Louis Navellier, Chief Investment Officer. “We’ve acted as a consultant for multi-manager portfolio evaluations for clients for years, analyzing how a client’s group of investment managers blend together, using the same or similar statistical tools we use in constructing equity portfolios for clients.”
More information about the company is available at http://www.navellier.com/.