Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SYZ & Co launches levered OYSTER Market Neutral Plus

Wednesday, March 12, 2014

Komfie Manalo, Opalesque Asia:

Swiss private banking group SYZ & CO launched the OYSTER Market Neutral Plus, a new sub-fund of OYSTER, its Luxembourg UCITS SICAV. The fund will follow up on the success of the OYSTER Market Neutral fund that was launched in 2009.

The OYSTER Market Neutral Plus is an increased leverage version of its predecessor and will use the same neutral beta long/short strategy. It will be managed by SYZ Asset Management and utilize the same investment process and with the same diversification and non-correlation objectives as the original fund, OYSTER Market Neutral Plus offers 2x leverage and targets a return of LIBOR +10%, the firm said in a statement.

"With interest rates in Europe offering mediocre returns, the original fund is aimed mainly at conservative investors looking for a substitute for their bond investments. The double-leverage version will be attractive to investors wishing to invest in the equity market while limiting directional bias," explained Xavier Guillon, CEO of OYSTER Funds.

To generate double the performance as the original strategy, SYZ said the new fund would use twice as much leverage, which means that the portfolio’s exposure may vary from 100% to 400%. Volatility target limits will be 12%, instead of 6% for the original fund. M......................

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: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November