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New Trend Fund Management Ltd, a Cayman Islands based investment manager, is launching its first hedge fund, the New Trend US Equity Fund.
The fund aims to produce high absolute returns over each market cycle using a trend following long/short strategy. The strategy is driven by an algorithm, removing the challenges of human biases. It identifies promising investments using an automated process to screen for trending US stocks.
The portfolio, when fully invested, will hold 30-50 active positions with no more than 10% held in a single position.
The fund is managed by Steven Granot and Marc von Rohr. Granot was previously Director of US Equities at UBS and Vice President of US Equities at JP Morgan, while von Rohr was Director of Asian Equities at UBS and proprietary trader for First New York Securities.
Laven Partners Ltd, the London based investment management consultancy, advised on the fund and management company's incorporation, prospectus and CIMA registration in the Cayman Islands as well as on the incorporation of the fund’s Swiss investment advisor, New Trend Capital Partners Ltd. Laven Legal Services Ltd, the associated law firm of Laven Partners Ltd, provided assistance with legal implementation and documentation.
Laven Partners (www.lavenpartners.com) is an investment management group offering consultancy services, including fund structuring, tax, legal and compliance services to fund managers, as well as independent opera...................... To view our full article Click here
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