Rothschild launches Alt Ucits fund

Rothschild Asset Management has launched a long/short market neutral fund in partnership with French boutique Perdurance Asset Management, according to an article in Citywire.

The new European-focused equity neutral strategy uses an in-depth evaluation of the beta and any sector, geographic or style bias of the long leg of the portfolio and sets up hedges (short) via indices to neutralize them.

With €4 billion in assets under management, the Alternative Ucits fund sits on Rothschild Asset Management’s dedicated platform, InRIS, which was launched in July 2013.

The R Perdurance Market Neutral fund is managed by Perdurance manager Ivan Briery, the co-founder and former lead manager on the renowned Voltaire fund, which is a long/short market neutral fund.

“Alongside the R CFM Diversified Fund, R Parus Fund and R Karya Macro Fund, R Perdurance Market Neutral Fund is enriching a tight range of complementary Alternative Ucits funds, both in terms of profitability/risk, underlying strategies and liquidity,’ said a spokesperson for Rothschild

Perdurance Asset Management is largely owned by Briery, who holds 60% of the company, and Perdurance Philanthropy, at 40%.