Spanish Firm Readies Hedge Fund Aimed At Retail Investors

Jun 26 2007 | 10:28am ET

Madrid-based Altex Partners this week is launching the Altex Bajo Riesgo fund, a global multi-strategy fund of funds. The new offering is targeting retail Spanish investors.

Carlos Dexeus, Altex’s managing partner, said the fund of funds’ appeals to retail investors because of is its low volatility and lack of correlation to the equities market.

“There will be very few long/shorts, if any, so it will be mainly relative value,” he said. “It will be managers trading a particular arbitrage, which is providing a lot of alpha, or funds with very low volatility. A lot of American managers will be in the portfolio and not too many emerging managers because they tend to be too correlated for this particular strategy.”

Dexeus anticipates a portfolio in excess of 15 managers “once the fund is in maturity.”

For tax purposes, the offering will start trading with only €300,000 before opening the floodgates for additional capital the following month, according to Dexeus.

Altex Bajo Riesgo charges a management fee of 1.75% with a minimum investment requirement of €1,000.

Dexeus previously served as a former co-head of the investment banking division of Barclays in Europe before founding Altex in 2003. The firm currently manages
US$200 million in total assets in two funds of hedge funds, as well as separate accounts and structured products.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.