Thursday, 21 August 2014
Last updated 11 hours ago
Feb 2 2007 | 12:04pm ET
U.K.-based Axiom Alternative Fund, the fund of funds shop founded in 2002 by Mohammed Syed as a joint venture with Habibsons, is moving this month into the single-manager hedge fund space with the launch of the Axiom Market Neutral Fund.
Axiom’s investment team has been trading the same quant-driven, systematic strategy since 1992, focusing on market-neutral, relative-value trading of the most liquid large-cap stocks in the developed markets—with a diversified portfolio that is hedged in terms of sectors, markets and currencies, according to the firm. The strategy is aimed at investors seeking a low-volatility, market-neutral product.
The new fund is managed by Athanasios Pittaras, who had previously worked for Syed at the Sanwa Group (now Mitsubishi-UFJ) as head of equity derivatives trading, after joining from Daiwa Europe, where he headed equity proprietary trading.
The Cayman Islands-registered fund, which is listed on the Irish Stock Exchange and is available in euro, U.S. dollar and pound Sterling share classes, charges a 2% management fee and 20% performance fee, with a minimum investment requirement of $100,000, €100,000 or £100,000.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note