Patriotic Hedge Fund In Europe Push

Jan 20 2012 | 1:53pm 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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of