Salus Launches Equity Long/Short Index Hedge Fund

Sep 7 2007 | 10:08am ET

Zug, Switzerland-based fund of funds shop Salus Alpha Management is launching the Salus Alpha Equity Hedged Fund, which will invest in an index comprising up to 30 long/short equity managers. The subscription period for the new offering ends today.

The Salus Alpha Equity Hedged fund invests in the Long/Short Equity Index, a global investible benchmark, with funds selected from the Alternative-Index, which is also part of the Salus Alpha group and produces six hedge fund indices calculated by the Vienna Stock Exchange.

According to Salus Alpha, the Long/Short Equity Index has produced an annual return averaging around 16% since 1997, with a volatility of about 3%. The new fund will target returns of between 10% to 12% per annum and is available in dividend-paying and non-dividend-paying share classes.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note