Wednesday, 23 July 2014
Last updated 9 min ago
Dec 3 2007 | 7:49am ET
It’s not a typo: Delman SA last month launched the DM Swiss Equity Asymmetric Fund, which provides investors with exposure to the small- to mid-cap Swiss equity space via a 100/30 structure.
”I think it’s relatively unique and there’s nothing else like this focusing on Swiss equities,” said Ian McFarlane, director of business development at the Geneva-based alternative asset management firm. “The fund managers believe it’s more prudent to use less leverage, and the fund is designed to be defensive to have it 100/30 rather than 130/30. We believe the environment we’re moving into is designed to be more suitable for something like this.”
DM Swiss, which launched with €4 million (US$5.9 million) is managed by private banking concern Mirabaud & Co., will maintain a market exposure of 70%—100% long and 30% short. It is looking to deliver an annual return of 8% over a five-year period.
The fund charges a 1.5% management fee and a 15% performance.
Delmam manage currently manages some 200 million Swiss francs (US$176.9 million) in total funds of hedge funds and other alternative investment assets. McFarlane said the firm is prepping a Brazil, Russia, India and China fund of hedge funds for launch sometime in the first quarter.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…