Mon, May 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

PROSPER Launches a New UCITS Long/Short U.S. Equity Fund

Thursday, January 19, 2012
Opalesque Industry Update - PROSPER FUNDS SICAV has announced the launch of PROSPER Stars & Stripes Fund, a new long/short fund investing in US equities with a UCITS compliant strategy. PROSPER Stars & Stripes Fund is managed by Independence Capital Asset Partners, LLC (ICAP), a US-based hedge fund manager.

The fund replicates a proven absolute return strategy which has offered better cumulative and risk-adjusted returns than equity investments over the past seven years. In the current challenging market environment, PROSPER Stars & Stripes represents a timely opportunity to capture equity markets upward potential while keeping a safety cushion in case of turbulence. The fund, which is still reserved for an institutional clientele, will be registered shortly in Switzerland.

(press release)

PROSPER Stars & Stripes: a high added value complementary strategy within an equity allocation PROSPER Stars & Stripes invests in US equities with a long/short approach. Independence Capital Asset Partners, LLC (ICAP) is a specialised long/short equity manager focused on the US market, with an established track-record since 2004. Their results compare favourably with long/only strategies in bull markets thanks to their directional bias, while their portfolio is less volatile and more resilient in bear markets thanks to both its flexible market exposure and the alpha generated by its short book.

PROSPER Stars & Stripes replicates ICAP’s absolute return strategy which has achieved an attractive absolute performance, outperforming the US equity market over the past seven years with a lower volatility (8.9% annualised return with an annualised volatility of 12.7% vs 3.6% and 16.3% respectively for the S&P 500 Index – From 11.01.2004 to 12.31.2011).

Independance Capital Asset Partners, LLC (ICAP): a specialised investment manager with a strong edge in fundamental research ICAP was founded in Denver, Colorado in November 2004 by James Hillary, a former Marsico Capital Management co-founder and portfolio manager who has 21 years of research and long/short investment experience. The company manages about USD500 million. ICAP has built a very strong research team of specialised analysts with complementary backgrounds, lead by the company founder and portfolio manager. The team follow a fundamental contrarian approach and have developed a proprietary company modelling with over 2,500 companies currently in database. Corporate website: Source

PD

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner