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July 01, 2002 at 08:00 PM
DARIEN, Conn. (HedgeWorld.com)– Old Hill Partners recently opted to close its US$235 million Footbridge Limited Trust fund to new investors, leaving the only remaining point of entry through a new fund run by Kenmar Management Ltd.
Kenmar, a US$1 billion wealth management firm, will offer access to the Old Hill five-year-old fixed-income strategy via a new single-manager vehicle called the Signature Advisors Series (Old Hill Bridge) Ltd. Fund.
Allocations to the Kenmar Signature Series fund will be split 50-50 between the Footbridge Limited Trust fund and the FLT Opportunity Fund, a variant of the strategy that has grown to $75 million since its inception in January 2001.
Both Footbridge and FLT are designed to be low-volatility diversified fixed-income plays–tapping an array of fixed-income securities and debt instruments. FLT is the more aggressive of the two, which are both designed to be conservative steady-returns strategies.
