Proteus is launching its latest fund, The Proteus Directional Hedge Fund of Funds, in a series of alternative investment pools allowing smaller investors to access institutional-quality alternative investments.
Proteus is an alternative investment platform service for high-end wealth advisors. The platform provides sophisticated access to institutional-quality investment opportunities, including private funds and sub-asset class pools. The Proteus Directional Hedge Fund of Funds I seeks to participate in upside market trends and benefit from downside volatility of the market by allocating to managers that invest in a broad opportunity set.
Callan was founded as an employee-owned investment consulting firm in 1973. Callan advises on more than $3 trillion in total fund sponsor assets.
“This is the next step in the evolution of fund of funds. There is no cost to access the pools we have created, yet we provide all the manager sourcing and diligence, portfolio construction as well as all the middle- and back-office servicing and support,” said Eric Knauss, chief investment officer at Proteus.
“This strategy is unique in that it features a high-conviction portfolio of four institutional-quality hedge funds with complementary styles to provide instant diversification and strong risk-adjusted expected returns,” said Pete Keliuotis, head of alternatives consulting at Callan.