HedgeF013 · Vintage 2012Closed
Sterling Multi-Strategy
Sterling Capital Group
Pod-based multi-strategy platform — 40+ portfolio managers across equity, credit, macro, and quant. Pass-through expense model.
Multi-StrategyPod-based Multi-StratGlobalArticle 6
Performance · since fund launch
Cumulative net return
19.3%
since inception
Compare with
| Fund vs indexes | 1Y | 3Y | 5Y | Per year since launch | Yearly volatility | Largest drop |
|---|---|---|---|---|---|---|
| Sterling Multi-Strategy | +14.7% | +0.9% | — | +4.7% | 8.7% | -18.6% |
| HFRI Fund Weighted Composite(illustrative) | +4.5% fund +10.1pp | +12.1% fund -11.3pp | — | +4.8% fund -0.1pp | 3.9% | -4.0% |
| S&P 500 Total Return | +26.3% fund -11.6pp | +33.1% fund -32.2pp | — | +19.7% fund -14.9pp | 18.2% | -23.9% |
| STOXX Europe 600 | +12.7% fund +1.9pp | +20.0% fund -19.2pp | — | +11.4% fund -6.6pp | 13.7% | -20.5% |
Sources: HFRI FWC — Illustrative mock data · S&P 500 TR — Yahoo Finance (^SP500TR) · STOXX 600 — Yahoo Finance (^STOXX, price index). Index data aligned to the fund's quarter ends.
| Quarter | Quarterly return | Sharpe |
|---|---|---|
| 2022 Q1 | -4.05% | 2.03 |
| 2022 Q2 | -5.97% | 1.87 |
| 2022 Q3 | -6.65% | 1.94 |
| 2022 Q4 | -3.38% | 1.82 |
| 2023 Q1 | +3.42% | 1.77 |
| 2023 Q2 | +5.54% | 2.00 |
| 2023 Q3 | +1.05% | 1.68 |
| 2023 Q4 | +3.97% | 1.70 |
Terms
Target fund size£8.4bn
Current AUM£8.4bn
Min ticket£25m
Largest investment accepted£500m
Target net IRR10–13%
Minimum time investors must stay in2 years
Management fee2.50%
Carry / performance25%
ESG / SFDRArticle 6
Liquidity
Annual liquidity with 90-day notice. 2-year initial soft lock.
Investment highlights
- Sharpe > 1.8 over 10 years
- Closed to new capital — secondary access only
Top 5 holdings
Largest positions · % of fund · simulated
- Highgate Realty11.5%
- Solace Insurance10.6%
- Cobalt Pharma9.1%
- Sterling Bancorp6.5%
- Redwood Capital5.8%