The BCM Discovery fund is a multi-strategy fund of fund vehicle that invests with our stated investment philosophies in mind:
- We look to invest in “non-brand name” managers.
- We look for “right-sized” managers, that is to say, a fund’s size is appropriate given the particular strategy they are employing.
- We are agnostic to the length of a funds track record. As a result, we will often invest earlier than other institutional allocators though the BCM Discovery Fund is not a dedicated emerging manager vehicle.
At BCM, we believe our management team's extensive knowledge of the hedge fund industry gives us a unique advantage over other Fund of Hedge Funds. We have proven our ability to identify the most talented managers and to secure capacity before their funds are discovered by large institutional investors. All funds in BCM Discovery Fund's portfolio are run by seasoned, non-BCM managers, with allocations based on non-correlated investment disciplines.
BCM utilizes the term “multi-strategy” to describe the BCM Discovery Fund’s underlying manager composition which includes three primary investment strategies: 1) Dedicated Equity Long/Short; 2) Dedicated Credit Long/Short, and; 3) “Simplified” Multi-Strategy where the manager navigates the capital structure as they see fit.
Please reference or request BCM’s AIMA published white paper “Hedge Fund Industry Fragmentation and the Case for Smaller Managers” for more details on the BCM Discovery Fund’s core philosophy