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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...