Wednesday, 29 July 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…