Sat, Aug 29, 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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner