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Alternative Market Briefing

V2 Capital snags big investment, looks to expand product pipeline

Thursday, January 23, 2014

Bailey McCann, Opalesque New York:

V2 Capital's Hedged Equity Fund is on track for a strong fourth year with the announcement of a new $200m investment. The investment comes from a Fortune 500 insurance company and the firm hopes that it will be the first of many such relationships in the future. V2 Hedged Equity Strategy,combines a long portfolio of U.S. stocks with a custom tailored short portfolio of index options.

The fund has been targeted to the qualified purchaser market since its inception, and has steadily been building assets. Opalesque spoke with V2 CIO, Victor Viner when the fund hit its three year milestone early last year. Since then, the fund has been recommended as both core equities exposure and long/short equities exposure within the universe of qualified purchasers. The latest allocation represents an entirely new client relationship. One of the long time investors in the fund has also been Ken Langone – the Co-Founder of Home Depot.

Viner explains that the V2 structure - which does not charge a performance fee, was created on the idea that the industry is moving away from the 2/20 fee structure.

"I believe the industry is moving toward management fees only. We've been out in front on the issue, and I think we're seeing the results of that." Viner tells Opalesque. "The latest allocation further validates our bel......................

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