Wed, Nov 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Veritas AM makes Ucits III global Long/Short fund available to investors for first time

Friday, January 08, 2010
Opalesque Industry Updates - Veritas Asset Management is making its high-performing Global hedge fund available to retail and institutional investors for the first time.

The £30 million fund had previously only been available to a small group of investors including the firm’s Partners and discretionary Private Clients. The fund has performed strongly returning 68.00% GBP Class since inception (1st July 2004 to 31st December 2009) - against the MSCI World Index performance of 38.39%, with considerably less volatility than a broad global equity index (standard deviation of 11.2% p.a. against 15.4% for The MSCI World Index).

The Fund, which has now been restructured as a UCITS III vehicle and has been re-named the Veritas Global Real Return Fund, was launched at the beginning of January and offers daily liquidity. The first dealing day will be 11th January 2010.

The Fund seeks to deliver an annualised 6% real return over the medium and longer term by investing long and short in global equities, bonds, cash and derivatives.

It is run by Veritas’ Fund Manager and Head of Research and Global, Andy Headley, who also co-manages the firm’s successful Global Focus and Global Equity Income Funds. The Fund will continue with the same investment strategy, with its objectives, policies and risk profiles all remaining the same.

The Fund will be available to retail investors with a minimum investment of £7,000 and to institutional investors with a minimum investment of £30,000. It is being made available to private clients, family offices, wealth managers, financial advisers and discretionary managers, on a global basis.

Andy Headley, Manager of the Veritas Global Real Return Fund said: “The Real Return Global Fund has a very successful track record and we’ve taken the decision to open it up to a wider audience. It will still continue as an absolute return vehicle and will take a global approach but it will offer greater levels of protection to investors.

“We believe the fund will create greater opportunities for new investors and greater efficiency for existing investors. It will also allow us to raise more assets for the fund given the attractive nature of the UCITS III brand and daily liquidity.”


Established in 1993, Veritas Asset Management is an independent specialist investment boutique with a key objective of delivering long term real returns to its investors., the company has a 16 year top class track record in investing and private client services. Veritas has offices in London, Zurich and Hong Kong and has £2.4 billion total assets under management. Veritas manages segregated portfolios and funds, with either long-only or long-short real return mandates. Investors include institutions, charities, trusts and private clients. www.veritas-asset.com


BG

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 - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  3. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  4. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to