Montanaro Launches Maiden Hedge Fund, Targets Retail Investors

Jan 2 2007 | 12:35pm ET

Ritta Hujanen

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.

 


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note