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Laxman Pai, Opalesque Asia: London based quantitative investment specialist Bainbridge Partners has launched a multi-strategy, global, equity market neutral investment fund following approval by the CSSF in Luxembourg, late last year.
According to company sources, the fund has launched with the "Early Bird" share class, which will have fees of 0.9% and 15% incentive.
The fund, 'LUX MultiManager SICAV - Bainbridge Equity Market Neutral' (BEMN) provides UCITS investors with exposure to short and medium-term systematic equity strategies, implemented using a highly diversified, global (Europe, US and Asia), long/short portfolio selected from a universe of more than 4,000 securities, said a press release from the company.
It is designed to achieve a low correlation to equity markets over the long-term, targeting an absolute net return of 6% - 10% with a volatility of 6%, it said.
According to the release, Bainbridge Equity Market Neutral (BEMN) will be a sub-fund of a Luxembourg UCITS compliant SICAV, and will exist in various currency share classes, all available for subscriptions once regulatory filings have been completed.
It said that LUX MultiManager SICAV - BEMN addresses some of the key challenges that investors are currently facing in global equity markets like stretched valuations across global capital markets, surges in volatility due to an uncertain macro-economic and political backdrop and declining alpha generation across traditional a...................... To view our full article Click here
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