Madrid-based Auriga Securities has launched the Sleipnir Fund, a quantitative European long/short equity fund and one of the first Spanish onshore single-manager funds.
According to Pedro Urbina, CEO of Auriga, the fund will take a purely quantitative and systematic approach to investing in European companies in different sectors “with the aim of gaining positive returns in all type of market environments.”
The Sleipnir Fund will be included in Próxima Alfa Investments single-manger platform. Próxima Alfa is a joint venture between alternative asset manager Vega and BBVA, the €392 billion (US$566.3 billion) European banking group. Fimat Alternative Investment Solutions is the prime broker to the fund.
“We are very pleased to be working with the professional and expert teams at Auriga Securities and Proxima Alfa, extending our cross-asset prime brokerage services for the first time to the Spanish onshore market,” said Philippe Teilhard de Chardin, managing director of Fimat Alternative Investment Solutions in London.