Friday, 19 December 2014
Last updated 10 hours ago
Jan 2 2007 | 12:35pm ET
U.K.–based Montanaro Fund Managers today launched its first hedge fund, the Montanaro Absolute Return Fund, with EUR10 million (US$13.2 million) in assets. The Irish Stock Exchange-listed vehicle is an equity long/short fund that will invest in European small-cap companies and is aimed at retail investors.
Riitta Hujanen, fund manager, said the new offering employs bottom-up analysis of European small-cap stocks with a futures-based hedging overlay component, which is not focused on individual stocks but on European equity futures market indices.
Hujanen said she is bullish on European small-cap stocks. “We are seeing a lot of M&A activity in the U.K. and a lot of smaller companies are targets of bigger companies, which are so cash rich that they’re driven to buy their competitors,” she said. “We are always meeting with small-cap CEOs and they’re all so confident about their outlooks that it is difficult to be very negative as a fund manager.”
The fund charges fees of 1.5/20 with a EUR1,000 minimum investment requirement.
Montanaro Fund Managers, which was founded by Charles Montanaro in 1991, is currently managing some EUR800 million in total assets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.