Wed, May 25, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th