Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Act II Capital Specialist Equities Fund launches as UCITS III with $50m

Friday, April 01, 2011

Gareth James
Opalesque Industry Update - The Act II Specialist Equities fund, an innovative fund of the Act II SICAV, has been launched, with daily liquidity that will precisely follow the investment strategy of the Cayman based Act II Capital Fund and is initially available in British Pound, Euro, and U.S. Dollar share classes.

● The Fund, like the Act II Capital fund, will practice a long/short equity strategy focused on the bottom-up, in-depth fundamental analysis in the media, leisure, Internet & consumer, technology, business services, and telecommunications sectors across all capitalizations in primarily United States based companies.

● The fund's investment universe consists of growth areas in the economy (Internet, Smart Phones, Tablet Computers, Video Games, etc.) that are in the midst of a vast, multi-year secular transformation, which will result in many winners and losers.

● The Act II Capital Fund was incepted in March 2002 and has annualised returns of 10.4%. The fund generated a positive net return of +4.14% in 2008 compared to losses of -37.00% for the S&P 500 Index and -26.65% for the HFRI Equity Hedge Index.

Michael Didier, a partner in the Act II Capital SICAV, explains "We are really excited about being able to offer our award winning fund in UCITS III form. Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund." The new fund has been set up as a Luxembourg UCITS III SICAV in partnership with Luxembourg Financial Group ("LFG").

Gareth James, head of hedge fund solutions at LFG, adds "We are really excited about bringing Act II to LAUP. They bring UCITS investors access to an exciting investment area with real growth potential, but unlike most of the index chasing funds in their sector, they have shown risk management capabilities in managing down periods and have generated real alpha from their sector."

(press release)


Luxembourg Financial Group is a structured products boutique and specialist asset manager with offices in Luxembourg, London, Bahrain and Stamford CT. Its hedge fund division offers fund managers a range of solutions, from setting up UCITS III funds to certificate & Sharia wrapping and structured products. www.lfg.lu

Founded in 2002, Act II Capital LLC is an equities manager based in New York, specialising in investing in sectors including media, internet, technology and telecom in primarily the US markets. Founded by Dennis Leibowitz and Darren Sardoff, who remain principals and coheads of the 5 person investment team, Dennis and Darren have over 5 decades of successful investment experience in their respective sectors. Act II has $325m of assets under management. actiipartners.com; mdidier@actiipartners.com.

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo