Tue, Oct 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  4. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori

  5. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie