Friday, 27 May 2016
Last updated 11 hours 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.