are trading at ridiculous discounts (ala closed-end funds in the US) right now. Third Point is trading at a 30% discount to NAV (and it was 50% at the end of the year)!
http://www.thirdpointpublic.com/
Update: You have to be careful with these funds as they can be illiquid and trade widely around their NAV. There are also some screwy tax issues if you hold them in a taxable account. I have written about them lots in the archives, and I have a whole chapter on them in my upcoming book.
| FUND | Website | |||
| Multi-manager/multi-strategy | ||||
| Absolute Return Trust | www.absolute-funds.com | Fauchier Partners | ||
| Aida | www.aidafund.com | Aida Capital | ||
| Alternative Inv. Strategies | www.aisinvest.com | Close Fund Services/International | ||
| Altin AG ($) | www.altin.ch | Alternative Asset Advisors | ||
| CMA Global Hedge (€) | www.cmaglobalhedge.com | Capital Management Advisors | ||
| Dexion Absolute | www.dexionabsolute.com | Dexion Capital/Harris Alternatives | ||
| Dexion Alpha Strategies | www.dexionalpha.com | Dexion Capital/RMF Investment | ||
| Dexion Equity Alternative | www.dexionequity.com | Dexion Capital/K2 | ||
| Dexion Trading | www.dexiontrading.com | Dexion Capital/Permal Group | ||
| GS Dynamic Opportunities | www.gs.com/gsdo | Goldman Sachs Hedge Fund | ||
| Gottex Market Neutral | www.gottexfunds.com | Gottex Fund Management | ||
| HSBC European Absolute (€) | www.hsbcabsolute.com | HSBC Management/HSBC | ||
| HSBC Global Absolute (US$) | www.hsbcabsolute.com | HSBC Management/HSBC | ||
| INVESCO Perp Select Hedge | www.invescoperpetual.co.uk/ipst | INVESCO/Fauchier Partners | ||
| KGR Absolute Return | www.kgrcapital.com | Kleinwort Benson (ChannelIslands)/KGR Capital | ||
| Opus Alternative Strategies | www.newfinancepartners.com | NewFinance Capital | ||
| PSolve Alternatives PCC | www.psolvealt.com | PSolve Alternative Investments | ||
| Tapestry | www.ramius.com | Kleinwort Benson (ChannelIslands)/Ramius HVB Partners | ||
| Thames River Hedge+ | www.thamesriver.co.uk | Thames River Capital | ||
| Multi-manager/single-strategy | ||||
| AcenciA Debt Strategies | www.acencia.com | Saltus/Sandalwood | ||
| F&C Event Driven | www.fandceventdriven.com | F&C Management/F&C Partners | ||
| FRM Credit Alpha | www.frmcredit.com | FRM Investment Management/ | ||
| Saltus Euro Debt Strategies | www.saltus.com | Saltus CI/Saltus Partners LLP | ||
| Signet Global Fixed Income | www.signetmanagement.com | Signet Capital Management/ | ||
| Single Manager/Fund of funds | ||||
| Cazenove Absolute Equity | www.cazenovecapital.com | Cazenove Capital Management | ||
| Close AllBlue | www.closeallbluefund.com | BlueCrest Capital Management | ||
| Close Man Hedge | www.closemanhedgefund.com | Man Global Strategies | ||
| JPMorgan Progressive Multi-Strategy | www.jpmprogressivemultistrategy.co.uk | JPMorgan Asset Management | ||
| Single manager hedge funds | ||||
| BH Macro (US$) | www.bhmacro.com | Brevan Howard Offshore | ||
| Boussard & Gavaudan (€) | www.bgholdingltd.com | Boussard & Gavaudan Asset | ||
| MW Tops (€) | www.mwtops.eu | Marshall Wace | ||
| RAB Special Situations | www.rabspecialsituations.com | RAB Capital | ||
| Third Point Offshore (US$) | www.thirdpoint.com | Third Point LLC | ||
