Sunday, 28 August 2016
Last updated 1 day ago
Jul 29 2010 | 12:19pm ET
Nascent hedge fund firm Skyline Capital Management is having a soft launch of its maiden hedge fund in November.
The firm—which is still awaiting Financial Services Authority approval—has already raised US$15 million for the vehicle, a global long/short equity fund with a big emerging markets portfolio, HFMWeek reports. The London-based firm expects to scale up to between US$50 million and US$100 million during the first year.
Skyline’s portfolio will focus on mid- and large-cap companies, listed in Western countries, but with significant ties to emerging markets. It will charge 2% for management and 20% for performance for its A share class, and 1.5% and 15% for its B share class. The fund will be registered in the Cayman Islands.