Tue, Mar 3, 2015
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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie