Tuesday, 23 August 2016
Last updated 6 min ago
Mar 5 2007 | 1:46pm ET
Thales Fund Management, a New York-based registered investment advisor with $2 billion in assets under management, has launched the Leros Fund – a quantitatively managed 130/30 strategy.
The Leros Fund is modeled to maintain 100% net exposure to large & mid-cap U.S. equities with an optimized market-neutral long-short overlay, according to the firm. This overlay can vary between 130/30 and 160/60 depending on the market environment.
"Our alternative variable overlay approach takes the 130/30 investment strategy one step further, allowing us to better adapt to constantly changing stock market conditions," said
Marek Fludzinski, Thales founder and portfolio manager for the Leros Fund.
"With our considerable expertise in quantitative modeling, short selling and controlling portfolio volatility, we are confident that this fund will stand out from the crowd of new entrants into this strategy."