Trafalgar Makes European L/S Hedge Offering

Nov 27 2007 | 11:52am ET

U.K.-based Trafalgar Asset Managers has added a European long/short equity offering to its hedge fund portfolio. The firm this month launched the Trafalgar Azri Fund with $43 million in assets.

The Azri Fund combines a fundamental approach to equity investing searching for value companies with a catalyst on the long side and “icebergs” laden with danger signs and “full horrors hidden beneath,” according to a marketing presentation obtained by FINalternatives

“We look for GARP (growth at reasonable price), ROCE (return on capital employed) trends and unloved and under the radar screen situations,” according to firm documents. “[We’re also] looking for aggressive accounting and management teams as well as deteriorating industry dynamics and signs like discrepancies in the reconciliation of reported profit and actual cash generation.”

The joint portfolio managers for the new vehicle are Michael Sakkas, formerly of Parktown Asset Management, and Sushil Shah, head of equity trading at Trafalgar. Shah has a background in options trading with Trafalgar and Sakkas’ bread and butter is in stock picking, according to the firm.

The Azri Fund charges a 1.5% management fee and a 20% performance fee with a high water mark.

Trafalgar was founded in 2001 by Lee Robinson and Theo Phanos and currently manages in excess of $2.36 billion.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

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

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.