Convergent was an early adopter of incorporating certain types of alternative investments as a means of increasing diversification, lowering volatility, and improving the overall risk/return characteristics of client portfolios.  In our experience, we have found that hedge fund managers, given their flexibility and broad toolkit, can complement traditional, long only equity, and fixed income managers, and we believe they will continue to do so, especially during periods of stress in the general markets.

We invest across the broad spectrum of strategies including U.S. and non-U.S. equity long/short, global macro, distressed, event-driven, and multi-strategy, among others. Clients can invest in third-party long/short and multi-strategy fund of funds, proprietary pooled vehicles designed to give clients access to diversified portfolio of managers without the standard fund-of-funds fees and, for clients of sufficient asset size and sophistication, we can create customized portfolios of direct hedge fund exposures. We tailor these investment allocations to create multi-manager portfolios designed to meet client-specific risk and return objectives.