Sun, Apr 19, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Skënderbeg’s fund of overlooked long/short equity hedge funds to launch next month

Monday, January 20, 2014

amb
Bruno J. Schneller
Benedicte Gravrand, Opalesque Geneva for New Managers:

Bruno Schneller, a former BrunnerInvest hedge fund manager who co-founded Skënderbeg Asset Management in Zurich last year, announced today that the investment adviser’s first product, a fund of hedge funds domiciled in Liechtenstein and called the Skënderbeg Fund, will be launched on February 1st with $10m of seed capital.

The fund will specialize in long/short equity strategies and will be invested in a concentrated portfolio of 10-15 small to mid-sized managers who are typically overlooked by larger shops. The investment philosophy of the fund, says Schneller, is "boring is good."

"Our niche is to find funds that are below the radar," Schneller adds in the annoucement. "Research proves that smaller hedge funds tend to perform better. One reason is that larger hedge funds may be impacted differently with regards to incentivisation and business growth. Our focus on smaller funds is a niche that is not covered to the same extent, because larger FoHF will tent to invest in bigger names. Our strategy also facilitates contact with managers and enables us to get full transparency."

Miranda Ademaj, the other co-founder of Skënderbeg, notes: "Long/short equity should see most demand among all hedge fund strategies. Many investors believe it is the strategy with the greatest potential to generate double digit returns going forward, especially if long/short equity managers......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner