RE: [External] Re: Montpelier Trust: Blackrock European L/S
Scott,
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UBSTERRAMAR00004402
EFTA00239666
As discussed with Lyle, please see attached a factsheet and flipbook for the Blackrock European Long/Short Fund. I have included a small description of the fund below.
Blackrock European Long/Short Fund
AUM: $4.2B
Fees: Class E ($1,000,000 minimum) 1.75% mgmt. fee and 20% incentive. Class D ($100,000 minimum) 2.25% mgmt. fee
and 20% incentive fee
Liquidity: Monthly upon 30 days written notice
Drawdown in '08: N/A
Annualized Return: 15.5%
Standard Deviation: 9.59%
Fund Inception: 2011
Fund Description:
The European L/S Hedge Fund is a high conviction portfolio of approximately 100- 180 names across all market capitalizations. The Fund is primarily invested in Pan European companies with a target net exposure of -30% to +40%. BlackRock employs a bottom-up, fundamental approach with a strong macro overlay when constructing the portfolio, complemented by rigorous and sophisticated risk management tools.
Please let us know if you have any questions.
Thank you,
Sean
Sean J. McNamara, CFA
Wealth Strategy Associate
UBS Private Wealth Management
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Thanks Sean. Possible to run a quick analysis of the monthly return correlations between the other two funds where we are already invested; Millennium and Graham, over the past few years?
We'll pull the trigger for SI M into this Blackrock alternative if the correlations with these other two fund performances are low.
sgb
Scott,
We will have the analysis run and send it over once complete.
Have a great weekend,
Matt
Matthew R. Klein. CFA, CFP
UBS Private Wealth Management
F
Stackman I Casricl Group Barron's Top 50 Private Wealth Management Teams Barron's Top 100 Advisors Financial Times Top 400 Financial Advisors Forbes Best-In-State Wealth Advisors
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