Auriel Offers British Market Neutral Fund

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...