Monday, 26 January 2015
Last updated 1 hour ago
Jan 20 2012 | 12:53pm ET
A Denver hedge fund is planting its rather red-white-and-blue flag in European soil with the launch of a UCITS III-compliant offering.
Independence Capital Asset Partners, working with Switzerland's Prosper, now offers a UCITS version of its North American long/short equity fund. The Prosper Stars & Stripes Fund is managed by ICAP, with Geneva-based Prosper acting as investment adviser and marketer.
ICAP has managed the Stars & Stripes strategy for seven years. The UCITS fund is targeted at European institutional clients, CityWire reports.
"In the current challenging market environment, Prosper Stars & Stripes represents a timely opportunity to capture equity markets upward potential while keeping a safety cushion in case of turbulence," a Prosper spokesman said.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…