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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

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