Wednesday, 29 July 2015
Last updated 4 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…