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Boutique breaks ground with Swiss L/S equity fund

Boutique breaks ground with Swiss L/S equity fund

Zurich-based Lakefield Partners is set to launch what it believes to be the first systematic long/short fund focused solely on the Swiss equity market, Citywire can reveal.

The boutique group announced the new approach as part of plans to increase its current number of Ucits-compliant funds from three to six, which sees three new Swiss-focused funds launched.

The first of these is the Lakefield Swiss Mid & Small-Cap Equity fund, which was launched over the summer, while the Lakefield Swiss Large Cap Equity strategy is set to follow shortly.

Both of these will replicate managed accounts which Lakefield Partners has run for a number of years, however, the Lakefield Swiss Long/Short Equity fund is an entirely new proposition.

A spokesperson for the company told Citywire: 'This will give us three new funds to add to our Ucits suite. The success of our systematic model in running both dynamic multi and single-asset strategies since 2002 will be applied to both of the large-cap funds, while the Lakefield Mid & Small Cap Fund uses a disciplined approach but is not managed with our proprietary model.'

'The alternative long/short fund is a new venture and, while the long book will share similarities with the long-only Swiss large-cap fund, there will be differences. It will systematically draw on opportunities from the Swiss Leaders Index but also capitalise on shorting opportunities.'

They funds are registered for sale in Switzerland and Luxembourg and the company is waiting for Belgian and German registration to follow.

The firm was co-founded by Vinicio Marsiaj, Matthias Hug and Bruno Verstraete, who had all run their own asset management operations before joining forces in 2012 and taking a new direction by increasing the activity in the Ucits fund management side of the business.

This involved the launch of a systematic-backed fund range, which started with the existing flagship Dynamic Global Core fund launched in 2011, and was followed by the Dynamic World Equity and Dynamic Global Bond funds. The firm has $500 million in assets under management, while having $12 billion in assets under advisory.

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