Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Zadig Asset Management launches Ucits III fund

Thursday, February 10, 2011

Laurent Saglio
Opalesque Industry Update - Independent asset management company, Zadig Gestion (Luxembourg) S.A. has launched a new Luxembourg-based UCITS III long-only fund, called the Memnon Fund which will be advised by Zadig Asset Management LLP in London.

Laven Partners, the global consulting firm and Laven Legal Services, the specialist hedge fund law firm, advised Zadig Gestion and the Memnon Fund on the structuring and launch of the fund.

Memnon Fund launched on 1 February with USD125 million and additional commitments. The objective of the fund is to maximise long term capital growth by investing primarily in quoted equity listed on or dealt in regulated markets within Europe.

In order to achieve its investment objective, the fund will base its investments on fundamental research in the selection of individual securities for long positions. The fund will benefit from proprietary valuation models for each of its individual investments and the strategy will be reviewed frequently in light of discussions that will be had with the management of companies in which the fund invests or is considering investing.

Laurent Saglio, founding partner of Zadig will advise Zadig Gestion on the Memnon Fund, alongside Vincent Bourgeois who joined the team last month.

Pierre Philippon, managing partner of Zadig says: “After the financial crises of the last decade, today’s investors are looking for investment opportunities within a clear regulated framework. Memnon Fund is a regulated UCITS III product and we will apply the same hands-on bottom-up approach to investments that has made our other less regulated funds so successful. The launch process was well managed, with proactive and expert advice from Laven, which was key for our project and structure.”

Jerome de Lavenere Lussan, CEO, Laven Partners said: “The Zadig team is offering a great product to professional and retail investors alike and we believe they have the potential to provide very attractive returns in the long-term. The team at Zadig are highly experienced in both generating alpha and risk controls and we are very proud to have been able to assist them in the launch of this UCITS III product”.

More information available from www.zadigam.com

(press release)
bc

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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  5. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi