Investment Objective
The Portfolio seeks capital appreciation with an emphasis on absolute returns from a diversified portfolio of Uncorrelated investment strategies. The Portfolio will allocate its assets to fully discretionary investment advisers which employ a variety of investment strategies and will invest globally without a focus on any particular industrial sector.
Latest Meeting Note
Meeting Note 18 Sep 2017
A multi-strategy portfolio of managed accounts allocated to a diverse mix of active managers that have historically exhibited little to no sensitivity to major asset classes. The fund targets a return of cash + 5% with a volatility of 7-...
A multi-strategy portfolio of managed accounts allocated to a diverse mix of active managers that have historically exhibited little to no sensitivity to major asset classes. The fund targets a return of cash + 5% with a volatility of 7-10% and a target correlation to equities and bonds of less than +/- 0.25. NB accesses these strategies through managed accounts and gives each manager a dedicated sleeve of capital to manage. The AMC (0.75%) is retained by NB while the underlying manager is paid an incentive fee of up to 20% on gains over their individual HWM making this a competitively priced offering.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.5 | 0.4 | 0.9 | 0.7 | 0.2 | 0.0 | 0.0 | 0.1 | 0.5 | 0.4 | 0.2 | 0.2 | 0.8 | |
| 2022 | 0.7 | 0.3 | 0.6 | 0.8 | 0.0 | 0.3 | 0.6 | 0.1 | 0.5 | 0.8 | 0.1 | 0.8 | 0.3 |
