Hedge Fund Reader : High Opportunity Hedge Fund: The new offshore fund from Dreman Value Management

Comments

November 10, 2005

High Opportunity Hedge Fund: The new offshore fund from Dreman Value Management

Following up his experience of over three decades dealing with mutual funds, David Dreman established an onshore hedge fund in 2003. Two years later, Dreman has opened the High Opportunity Hedge Fund, which is an offshore fund that will be operational alongside the onshore fund.

As fund manager, Dreman has discovered through the years that the best approach is a contrarian value approach towards investments. This approach makes use of the quantitative screening methodology, which involves the application of value screens such as low P/E, low price-to-cash flow, low price-to-book value, and high yield to a universe of stocks. The hedge fund is expected to enable Dreman to employ for a hedge fund vehicle for his strategy. Hedge Week reports:

Since its inception in October, 2003 through the third quarter of 2005 the fund has returned 28.6 per cent versus the S&P return of 27.8 per cent. Having established a two-year track record, the fund is now open to investors and will soft close at USD 1 billion.

--
Did you enjoy this post?

November 10, 2005 in Emerging Markets | Permalink