Mon, Apr 27, 2015
A A A
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

amb
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. 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

  4. 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

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner