The assert manager said that mutual seeks to deliver long-term capital appreciation by investing primarily in non-US securities believed by the manager to be undervalued at the time of purchase.
The fund will be managed by Paul Hechmer, del Rey’s founder and an 18-year veteran of the asset management business, including his tenure as a founding member of Tradewinds Global Investors.
Hechmer said with the introduction of the del Rey Monarch Fund, the company is now making its strategy available to all investors.
The del Rey Monarch Fund is managed using the same philosophy as the firm’s institutional separate accounts. The firm manages more than $1.7bn in assets as of 30 April 2011.
