Lugano (ots) - The Generali Hedge Fund Sicav Arbitrage Opportunities fund won the World Finance Hedge Fund Award 2011 as the Best Diversified Fund of Hedge Funds, Europe
The Generali Hedge Fund Sicav - Arbitrage Opportunities fund, created and managed by Thalìa SA, the company dedicated to Hedge Fund investing within the Generali Group, won the World Financial Hedge Fund Award 2011 as the Best Diversified Fund of Hedge Funds in Europe.
The World Finance Hedge Fund Award is testament to Thalìa's capabilities to create and manage "best of breed" Fund of Hedge Funds, such as the Generali Hedge Fund Sicav Arbitrage Opportunities, the award winning fund. It blends a range of arbitrage investment strategies using several managers to create a well-diversified portfolio, while guaranteeing an excellent control of the volatility.
Commenting on the award, Maggie Rokkum-Testi, CIO and General Manager of Thalìa SA said, "We are delighted to have received this international award. It gives recognition to our team's efforts in offering a range of investment funds and solutions and making them recognised as leaders in their respective peer group by our institutional clients".
The award is sponsored by World Finance, a London-based, globally renowned publication dedicated to all areas of business and financial investment.
The World Finance award selection panel used a wide range of criteria to form its decision. Although strong consideration was given to 2010 investment returns, performance was not the sole determinant for selection. Other important criteria were, in addition to the proven track record, a disciplined investment methodology, a proper Due Diligence process, an appropriate risk management, the stability of the investment team, the level of service offered by the Investor Relations department, the back office infrastructure and the ability to service different types of investors.
"The Arbitrage Opportunities Fund is rapidly becoming our flagship fund in the Relative Value space. We launched the fund in July 2009 to serve the needs of our client-base interested in investing in a Fund of Hedge Funds that could exploit some of the incredible inefficiencies created after 2008, targeting stable performance over time that is typically less correlated with the direction of financial markets over the medium term", commented Maggie Rokkum-Testi.
Founded in 2003, Thalìa SA is an alternative asset management company 51% owned by BSI SA (one of the oldest banks in Switzerland specialized in private wealth management) and 49% by Generali Investments (Italy). Within this international group, Thalìa represents the link between traditional asset management and alternative investments, providing expert advice on absolute return investments for all Group subsidiaries and affiliates worldwide. The company offers a complete "off-the-shelf range of products" and serves the Generali Group and other institutional investors with a wide range of personalised investment solutions ranging from bespoke portfolios based on hedge funds, white label funds and other investment advisory services. Thalìa's head office is in Lugano (Switzerland), with research units in Paris and London. Thalìa currently employs 25 professionals and has USD 2.5 billion under management or advisory.
Daniela Da Costa Lengacher
Marketing & Investor Relations Manager