Madrid Firm Launches Onshore European L/S Hedge Fund

Nov 1 2007 | 10:20am ET

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...