Industry Updates

Absolute Return Partners launches UCITS III fund

Tuesday, February 01, 2011

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Niels Jensen Opalesque Industry Update - Absolute Return Partners LLP announces the launch of The Global Equity Alpha Fund, a sub fund of the Dublin domiciled Nemesis Fund PLC.

The Global Equity Alpha Fund is a UCITS III compliant hedged equity fund offering weekly liquidity and based on the StockR8 investment approach developed and tested over more than 15 years by Bjarne Jensen and his team at Stockrate Asset Management Stocks are selected using a fundamental screening process designed to identify companies with strong earnings, healthy balance sheets and a high degree of consistency in their financial performance.

The fund attempts to eliminate human error by not relying on sell-side research, valuation criteria, market timing and other discretionary elements. Using this approach, 50 stocks are invested in from a global universe of more than 35,000 companies. The Global Equity Alpha Fund is uniquely hedged using net long volatility instruments instead of shorting single stock or index positions.

Niels Jensen, Managing Partner at Absolute Return Partners, says:
“We are excited to launch The Global Equity Alpha Fund in conjunction with Nemesis and Stockrate.

Stockrate has been applying this investment strategy since early 2008, showing great results, and we are excited about the opportunity to present this unique investment approach to a wider audience. The collaboration with Nemesis allows the Global Equity Alpha Fund to lever the existing UCITS III structure managed by Nemesis, thereby reducing costs for our early investors”

Bjarne Jensen, founder of Stockrate Asset Management, says:
“For some time we have been looking for the appropriate partners to take our investment concept to investors outside Scandinavia. This is only the first step of a bigger plan, and we look forward to grow our franchise internationally.”

The Global Equity Alpha Fund is listed on the Irish Stock Exchange.

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