Axiom Makes Foray Into Single-Manager Space

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...