Friday, 29 August 2014
Last updated 14 hours ago
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.
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…