Sunday, 28 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.