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French fund manager Romain Burnand, of Paris-based Moneta Asset Management, was recently interviewed by NewsInvest.fr and talked about his new hedge fund, Moneta Long Short.

“We are 5 professionals working full time, 3 in long only asset management, and 2 in alternative asset management. We obtained the AMF (Autorité des marchés financiers)’s consent to create a hedge fund with leverage (ARIA EL), which is called Moneta Long Short (MSL) and managed by Patrice Courty and Stéphane Cuau, who have also been managing the Moneta TOTEM hedge fund since 2001. MLS was launched in December 2006 and has EUR16 million under management.”

“We are very well equipped in terms of analytical and research capacity, which is one of the reasons we have good returns. We indeed have the ability to go off the beaten track, to conduct our own research, to make up our mind and to avoid waiting for a broker to give us an idea that everybody else will follow. We always try to be ahead in the finding of companies.”

“Moneta Long Short is a cautious fund which relies on the 6-year long track record of TOTEM, a market neutral fund. The MLS fund has 35 to 40% exposure to the market. It has returned 12% so far this year, which makes it the best in its category, according to Astérias.”

Moneta Long Short aims to produce positive performance with moderate volatility. It invests long and short in liquid European stocks. The fund has net exposure to the market to remain positive on risk-a......................

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