Veritas Launches Multi-Strat Hedge Fund

Jul 15 2008 | 11:01am ET

U.K.-based hedge fund Veritas Asset Management has launched its Real Return Alternative Strategies Fund, a multi-strategy offering, to invest in a range of alternative strategies via talented external fund managers.

The fund, which launched in May with some US$14 million, is global, thematic and seeks below-average levels of volatility, according to the firm. It currently has exposure to volatility, natural resources, distressed, and emerging markets strategies. The portfolio manager is Ian Fridlington.

The Irish-listed fund charges a 1.25% management fee and a 15% performance fee.

The new fund joins Veritas’ existing portfolio of long/short strategies (Real Return Global and Asian Funds) and long-only offerings. The firm was founded in 1993.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of