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Alternative Market Briefing

LRI Group launches Equity Long/Short Market Neutral UCITS Fund with M17 Capital Management

Tuesday, February 13, 2018

Bailey McCann, Opalesque New York for New Managers:

LRI Group, an independent investment services company, has partnered with M17 Capital Management, a Swiss-based investment company, to launch a European Market Neutral UCITS Fund. M17 is a €191 million hedge fund led by Markus Matuszek, CFA, Managing Partner and Chief Investment Officer at M17 Capital Management.

Before starting M17, Matuszek was CIO of Hermes Capital Management, a financial advisory and asset management firm and managing partner with Gabelli & Partners, a fundamental global equity long/short hedge fund. Prior to that, he was a senior advisor with McKinsey & Company.

M17's flagship strategy is a European-biased market neutral approach with a concentrated portfolio of 30-60 positions. Positions are chosen from an overall universe of 700 listed European companies. Position sizes for each company are customized based on the specific investment idea that led to a given company being included in the portfolio.

The fund is targeting a return of 10-15% p.a. while maintaining an annualized volatility below 10%.

The strategy is aimed at institutional investors and Matuszek says, the fund already has some interest. "Because we add a little more value over a traditional market neutral manager, we've had early interest from institutions and high net worths that are looking for something that is uncorrelated but is......................

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