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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

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