Sun, Mar 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Skėnderbeg’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 Skėnderbeg 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 Skėnderbeg 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 Skėnderbeg, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner