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ABSOLUTE FUNDS :: ABSOLUTE RETURN INVESTING :: MANAGEMENT TEAM :: FINANCIAL ADVISER CENTER :: NEWS   MEDIA COVERAGE PRESS RELEASES CASE STUDIES RESOURCES         | MEDIA COVERAGE |           Advisor Perspectives (Advisor Use Only) View Article > Diversification: The Free Lunch that is Getting Harder to Find   March 18, 2008           "...Some alternative strategies are specifically designed to reduce risks.  Compson notes that “compared to a typical portfolio with huge systematic risk, they are not risky.  The struggle for advisors is to accept being different..." "...Absolute return strategies work best for advisors who are concerned with capital preservation and risk reduction, and not with those whose goals are "hitting the home run." The beauty of the strategy is its accessibility to all investors... " -- Jay Compson         The Patriot Ledger full article >   ABSOLUTE STRATEGIES Hingham fund firm sees assets under management quadruple in the past year   January 8, 2008     by John Chesto         "...The formula is paying off for Jay Compson and Brian Hlidek, two friends from Hingham that opened Absolute Investment Advisers in their hometown in 2005. The assets under management in the firm's Absolute Strategies fund have more than quadrupled in the past year, rising from about $180 million at the end of 2006, the fund's first full year, to $790 million at the end of 2007..." -- Author "...''Financial advisers who put their clients' money in the Absolute fund say they're attracted to the fund because it provides a way to use hedge-fund strategies while providing the regulatory oversight and transparency of a mutual fund. Unlike hedge funds, shares in the Absolute fund can be bought or sold on a daily basis..." -- Author         Institutional Investor News     2007 20 Rising Stars of Hedge Funds   June, 2007     By Mark Malyszko         Eric Hage, CIO of Mohican Financial Management in Cooperstown, NY (and Sub-Adviser to the Absolute Strategies Fund) was chosen as one of Institutional Investor News' " Rising Stars of Hedge Funds"       "...When the convertibles market corrected in the spring of 2005, there was a mass exodus of money from the strategy and many single strategy convertible arbitrage funds could not survive. Most of the funds that did survive changed their strategy to a multi-strat platform. The net result was very few remaining pure single-strat convertible arbitrage managers, like Mohican. Even though we knew that it would take a long time for investors to come back to the convertible arbitrage strategy, we stuck to our strategy because we felt confident that we could deliver strong returns despite the market rhetoric against convertibles." -- Eric Hage         NAPFA ADVISOR (Advisor Use Only) View Article > Investments: Creating an Endowment Portfolio with Absolute Return   March, 2007     By Brian Hlidek         "...a gradual move toward the endowment model for a client's portfolio may be easier than anticipated, since the market offers advisors a growing number of investment options...." "...Absolute return is a critical component in the endowment portfolio model. Over a full market cycle, adding hedge-like funds to a portfolio may provide: additional diversifi cation; reduced equity market/interest rate risk; reduced volatility; and potentially greater risk-adjusted returns. -- Author         FIN Alternatives     Absolute Investment Retools Fund-Of-Funds-Like Mutual Fund   March 16, 2007     By Eleanor Laise         "...We’ve been avoiding convertible arbitrage since launching the fund because we felt that there was too much capital chasing that area, and that’s what happened in 2004 to 2005,” he said. “Since then, we’ve seen a little bit of a shakeout so we started looking for mangers who were able to manage through that dislocation. Mohican does an excellent job of managing risk." -- Jay Compson         Wall Street Journal     How to Play a Shaky Market Like a Pro   March 11, 2007     Volume III, Issue No. 11         "...The recent stock slide spared few corners of the market -- but one fast-growing group of mutual funds didn't crack under the selling pressure..." "...Since different hedging strategies may perform well under different market conditions, funds that offer access to a number of different strategies can also cushion a portfolio from market swings. These funds tend to operate like "funds of hedge funds," dividing assets among managers with varying investment approaches. Wealth Manager, [Registered Investment Adviser name witheld] uses one such fund, Absolute Strategies, in clients' portfolios. The fund "really helped stabilize their overall portfolio" during the downturn, says [name witheld] the firm's chief investment officer. " -- Author         All About Alpha     Assets in Market Neutral Funds up 324% in 3 years   Feb 16, 2007           "...Now we seem to have a situation where institutions are not only willing to pay “retail fees”, but are paying even higher than retail fees - and for larger volumes of business. Maybe the lack of economies of scale in smaller asset managers (like Absolute Advisers) is more than fully off-set by their ability to manage costs better. In other words, could this be a rare example of where the little guy is better served by another little guy? " -- Author         The Wall Street Journal On-Line (wsj.com)     Hedge Funds Bekon Small Investors: As a Major Private-Money Management Firm Goes Public, Individuals Face 'Alternative" Choices of Varying Risk   Feb 14 , 2007     By Eleanor Laise         "...A recent study of researchers at Georgia State University, Northeastern University and London Business School found that hedge-like mutual funds substantially outperform traditional mutual funds..." "...A study by Lipper published earlier this month found that both hedge funds and hedge-like mutual funds generally help protect investors from stock - and bond-market slides without adding additional risk to the portfolio. " -- Author         MarketWatch     Market-neutral funds mirror hedge-like strategies: Conservative techniques used to carve niche between bond, stock markets   Feb 12 , 2007     By Murray Coleman         "...Another top market-neutral performer last year was Absolute Strategies Fund. It aims at outperforming bonds rather than stocks... It's run by Boston-based Absolute Advisers LLC, which was formed in 2004 by veteran hedge-fund managers and mutual-fund marketing executives..." "...Along with co-manager Alec Petro, he [Jay Compson] picks hedge-fund managers with varying styles. "The one element they've got in common is a focus on risk-management," he said. "The net result from combining all of these strategies is volatility similar to bonds." -- Author         Worth Magazine * full article >   Hybrid Hopes     July, 2006     by Jay Compson, Portfolio Manager for the Absolute Strategies Fund         "...Hedge funds have been one of the most popular alternatives for investors looking to reduce overall portfolio risk and volatility - but these strategies continue to present significant concerns for many investors. In addition to their large investment minimums, hedge funds may deter investors by virtue of their lack of transparency, substantial fees, extended lock-up agreements, as well as their overall complexity..." -- Jay Compson       *please note: This pdf is not printable. To have a printed copy mailed to you, send us an e-mail         The Patriot Ledger full article >   Living on the Hedge: Hingham Pair Starts Reduced-Risk Fund for Smaller Investors   April 27, 2006     by John Chesto         "...Hlidek, a former investment adviser, and Jay Compson, a friend who worked for a hedge fund in Boston, came up with an idea while the two commuted to Boston together on the ferry: a mutual fund that would allow investors to benefi t from a hedge fund-style of investing..." -- Author "...''What they're trying to do is bring alternatives (such as hedge fund strategies) to the broader market,'' Noonan said. ''They have a lot of unique managers in there that the general public could not invest in directly, mainly because of the minimums required to access these managers..." -- Bill Noonan, Vice President at Contravisory, a sub-adviser to the Fund           Ticker & 123 Jump.com full article >   The Absolute Mix   April 24, 2006           "...it's really about diversification. Absolute return investing has been used in the past, largely by wealthy families and institutions, as a way to reduce volatility and lower the risk within a portfolio. There are times when the market just doesn't go up, so people have to diversify into asset classes that don't correlate well together. This strategy differentiates the portfolio from your other investments and because it tends to have low volatility, it may reduce the risk within an overall portfolio." --Jay Compson   top       Investment News   Advisers Deploy Hedge-Fund-Like Mutual Funds; They Seek to Replace or Complement Bond Funds   March, 27 2006     by David Hoffman         " In the eyes of some advisers, that makes this particular hedge-fund-like mutual fund a worthwhile replacement for bond funds -- especially when bond funds aren't turning in good performance." -- Author         InvestmentNews.com   Absolute Strategies Fund Tops $100 Million   March 1, 2006           "The advantage of getting to the milestone is having the scale and a significant asset base and it allows clients and institutions to allocate a larger percentage of their assets of clients to the strategy," -- Chris Aymond, Principal, Absolute Investment Advisers   top     Investment News     Fund latest among those using hedging strategies   February 20, 2006     by Jeff Benjamin         "The quantitative research process... is set up to produce a blend of underlying managers that can generate the best possible risk-adjusted return, (Compson) said. That involves first analyzing various asset classes and strategies, and then searching for the best managers within each category." -- Author   Money Management Executive     Alternative Fund Leaps to Fund-of-Funds   February 20, 2006     top       BusinessWeek     Funds Made to Deliver   December 12, 2005             Defined Contribution & Savings Plan Alert     Absolute Investment to Target DC Plans   December 2, 2005       top       Foundation & Endowment Money Management     Mass. Firm Pushes Absolute Return   November 28, 2005           Investment News     The New Face of Absolute Return Investing   October 24, 2005       top       Wall Street Journal full article >   Mutual Funds Try to Play Hedge Game by Offering Investors 'Absolute" Gains   October 7, 2005               Investment Management Weekly     Vol. XVIII Issue No. 36   Investment Manager Profile: AIA Touts Absolute Return Strategy   September 26, 2005       top       Institutional Investor.com   Absolute Return Funds Could Get Boost From Bayou Fallout   September 2, 2005           The Wall Street Journal     Selling Short In Your 401(k) -- `Hedged' Mutual Funds Seek to Become Option In Retirement Plans   August 17, 2005       top       Opalesque   Absolute Investment Advisers launches open-end multi-manager absolute return mutual fund   August 9, 2005             PlanSponsor.com     The Feeling's Mutual   August 9, 2005     top       Lipper Hedgeworld     Absolute Investment Advisers Launches Absolute Return Mutual Fund; Using manager of managers approach to tap specialized strategies   August 8, 2005               P&I Daily     News Brief   August 8, 2005     top     Investment News     Softer, gentler version of hedge fund to launch   March 7, 2005     by David Hoffman                 © 2008 Absolute Investment Advisers LLC