Tue, Oct 24, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad