Saturday, 30 August 2014
Last updated 1 day ago
Jul 26 2007 | 11:50am ET
U.K.-based F&C Asset Management is the latest asset management firm to enter the 130/30 space. The firm plans to launch its F&C UK Enhanced Alpha Fund in August, targeting a return of 4% over the FTSE All Share Index.
The offering will be structured as a SICAV, domiciled in Luxembourg, with a sterling share class for both institutional and retail investors. The fund will invest in U.K. stocks, employing a fundamental and bottom-up stock picking approach, according to fund documents.
The fund’s long portfolio will consist of 40 to 60 stocks and 10 to 15 stocks in its short book. Portfolio managers Makis Kaketsis and Luke Newman also manage F&C's UK Dynamic Fund and its Special Situations Fund respectively.
"As long-only fund managers, perhaps the greatest constraint to generating excess return is the inability to short, in other words our ability to express our negative view of a stock is very limited," Richard Wilson, head of U.K. equities at F&C Asset Management, said. "Our long only positions still need to be able to outperform the benchmark but by combining an element of netting off between the long and short positions, the risk return profile is also more favorable."
The new 130/30 charges management fees of 1% and a 20% incentive fee on any gains over the FTSE All Share index.
F&C managed some €151.4 billion under management (US$208.5 billion) as of March 31.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...