Tue, Mar 20, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Zurich hedge fund manager launches event driven fund to seize opportunity set in UK micro cap

Wednesday, January 22, 2014

Christian Benz
Benedicte Gravrand, Opalesque Geneva:

ISPartners, a hedge fund manager based in Zurich, launched the Helium Rising Stars Fund on Monday. It is follow-on venture of the Helium Special Situations Fund, an £80m ($131m) single manager hedge fund focusing on UK long-bias small and micro caps, launched on 30th July 2006. The fund returned 33% last year (and 380% since inception).

The Helium Rising Stars Fund, a Cayman-domiciled fund, will invest in quoted small companies and up to 30% of NAV in private equity type of investments, predominantly pre-IPO situation (with less that 24 months to listing), public-to-private transactions and private placements. Its focus will be on UK companies with a market cap of less that £50m across all sectors excluding mining and natural resources.

This event driven fund "with an identifiable soft or hard catalyst" will be a concentrated portfolio of around 15 holdings, with long-only bets and the ability to hedge systematic risks. According to data provider Hedge Fund Research, event driven funds returned 12.48% in 2013 and 10.62% in the last five years.

The fund will be co-managed by David Newton and Christian Benz. They also run the special sits fund.

"The opportunity set in the UK ......................

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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From FT.com: Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/Streetinsider.com: Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t