Wed, Sep 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Antartica Asset Management launches European domiciled global macro fund of hedge funds

Monday, January 17, 2011
Opalesque Industry Update - Antarctica Asset Management, an alternatives investment advisor has announced the launch on January 1st 2011, of the Antarctica Global Macro Fund Plc (AGMF), the latest addition to its range of fund of hedge funds. Conceived to target present imbalances between global economies, the Antarctica Global Macro Fund Plc addresses a number of current investor concerns surrounding absolute returns and liquidity. Global Macro was one of only two strategies in the HFRI index to post positive returns during the crisis of 2008 and is one of the most liquid hedge fund strategies, allowing AGMF to provide investors with monthly liquidity.

In anticipation of legislative developments and investor demand the fund is incorporated in Ireland and listed on the Irish Stock Exchange, providing the option of an onshore investment structure for investors. The fund is managed by Antarctica Asset Management (UK) LLP which is authorized and regulated by the Financial Services Authority.

The new fund builds upon Antarctica’s existing line-up of Global Macro managers, creating value through selection and allocation between managers and sub-strategies. Antarctica has been successfully investing in the strategy since 2001, allowing the group to implement its own macro view by maximising the advantageous underlying liquidity to allocate among sub-strategies such as fixed income, commodities, FX and CTAs. In addition, the fund has the ability to maintain a cash buffer and use tail risk protection to moderate any drawdown during a crisis scenario.

Weighting the portfolio allocation among a relatively concentrated target group of 15-20 managers while maintaining diversified exposure across asset classes and styles should ensure the fund performs well in all market environments with an adequate level of protection. Commenting on the launch of the new fund, Pieter de Weerdt, Principal of Antarctica Asset Management said, “We designed the fund to be uncorrelated to risk assets with the ability to dynamically allocate to sub-strategies where we see more opportunities.” “Thematic or directional allocators will typically do well in recovery and bull market periods, while trading platforms and relative value managers should provide anchor returns with low volatility and low correlation to the rest of the portfolio, as well as the wider Global Macro and hedge fund space.”

Transparency is synonymous with Antarctica and remains one of the groups’ distinguishing characteristics, both in terms of reporting and ethos. Antarctica’s progressive client reporting philosophy extends to the Antarctica Global Macro Fund Plc, with all investors receiving access to full transparency on the portfolio as well as portfolio metrics on a monthly basis, ensuring clients are fully informed.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  4. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e