Bayberry-West Partners L.P.

Bayberry-West is our internally run, active manager Fund of Funds. This limited partnership invests with other asset managers who provide strategies that are differentiated from our core investment approach. Further, their strategies, and asset classes may not be directly correlated to equity indexes – providing a different set of return characteristics. 

As we see it, the key benefit to allocating assets into multiple strategies across similar asset classes and investment strategies is simple. Credit, business, innovation, and market cycles are all on different time frames, and reducing one's exposure to the same cycles proves to be very useful over time. While returns can lag pure equity market allocations, the key is performance in down markets.  This ultimately has a larger impact on returns over time.

Bayberry-West Partners provides an excellent vehicle to adjust one's risk exposure while maintaining market oriented returns.