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Bailey McCann, Opalesque New York for New Managers: LRI Group, an independent investment services company, has partnered with M17 Capital Management, a Swiss-based investment company, to launch a European Market Neutral UCITS Fund. M17 is a €191 million hedge fund led by Markus Matuszek, CFA, Managing Partner and Chief Investment Officer at M17 Capital Management.
Before starting M17, Matuszek was CIO of Hermes Capital Management, a financial advisory and asset management firm and managing partner with Gabelli &
Partners, a fundamental global equity long/short hedge fund. Prior to that, he was a senior advisor with McKinsey & Company.
M17's flagship strategy is a European-biased market neutral approach with a concentrated portfolio of 30-60 positions. Positions are chosen from an overall universe of 700 listed European companies. Position sizes for each company are customized based on the specific investment idea that led to a given company being included in the portfolio. The fund is targeting a return of 10-15% p.a. while maintaining an annualized volatility below 10%. The strategy is aimed at institutional investors and Matuszek says, the fund already has some interest. "Because we add a little more value over a traditional market neutral manager, we've had early interest from institutions and high net worths that are looking for something that is uncorrelated but is...................... To view our full article Click here
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