Sunday, 29 March 2015
Last updated 2 days ago
Mar 10 2010 | 1:06pm ET
Auriel Capital has launched a British equity market neutral hedge fund.
The London-based firm’s Auriel UK Equity Fund will invests in the most liquid British stocks—those comprising the FTSE 100 Index—with both long and short portfolios. The fund is designed to be both beta and sector neutral, as well as low correlation to both traditional and other alternative asset managers.
“Our UK equity strategy is available either as a standalone offering or in combination with our existing European strategy,” Larry Abele, the Deutsche Asset Management veteran who co-founded Auriel in 2004, said. “We believe that market neutral equity investment based on detailed, systematic analysis of companies can generate strong and consistent returns that are independent of market movements. These market neutral strategies are perfect for investors seeking uncorrelated returns without exposure to market risk.”
The new fund will also serve to complement Auriel’s three-year-old European equity market neutral strategy. Auriel manages a total of US$600 million.
The UK market neutral fund is available is euro, U.S. dollar and pound Sterling asset classes. It charges 2% for management and 20% for performance with high-water mark. There is a US$1 million minimum investment. Redemptions are monthly with 15 days notice. Credit Suisse Group serves as prime broker.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…