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It's a new fund, but the predecessor LP was successful despite a few lagging years. Looking for something to compliment a heavy equity portfolio, in addition to William Blair Macro Allocation (WMCNX).
While I understand the purpose and appeal of these types of funds my question for those who employ them is how large of a position do you establish in said funds in order to, as you stated, compliment a heavy equity portfolio? It just seems to me that unless one takes a substantial position in terms of their overall portfolio they're just fooling themselves in terms of overall returns when they note that this fund did not go down or down as much as their other funds over a given time period. Not a condemnation, just curious.
I'll probably be around 15% - 20%of my overall portfolio in WMCNX and one of the above funds, with the rest stocks with a small slice of RSIVX for short term needs. I'm relatively young (40) and not terribly worried about near term volatility, just wanting to hedge a little...and I'm not a fan of bonds.
Yeah, OTCRX seems to be negatively correlated to the market, an interesting play for sure (looking at the predecessor hedge fund returns though, makes me a tad nervous...yes I have access to the monthly return stream through my job).
As for WMCNX, I really like Mr Singer, he's a bright guy...plus I like their use of currencies and their low correlation to equities. I considered PASDX and PAUDX, but I'm not sold on Arnott & not a fan of the large size of the funds. WMCNX has $500 million, still small enough to make decent size bets & not suffer for it.
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As for WMCNX, I really like Mr Singer, he's a bright guy...plus I like their use of currencies and their low correlation to equities. I considered PASDX and PAUDX, but I'm not sold on Arnott & not a fan of the large size of the funds. WMCNX has $500 million, still small enough to make decent size bets & not suffer for it.