Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Boutiques unite for ‘juicier’ L/S market neutral fund

Boutiques unite for ‘juicier’ L/S market neutral fund

Two independent asset managers have united to launch a Europe-focused market-neutral fund, with several institutional investors already on board.

The new launch, which formally takes place on 14 February, is a combined effort from Luxembourg-based LRI Group and Swiss group M17 Capital Management.

The European Market Neutral Ucits fund will have a concentrated approach, with 30-60 positions and a target return of 10-15% per annum net of fees.

In fund literature, the two companies said the new Alternative Ucits fund offers a ‘juicier’ take on traditional market-neutral long/short equity funds, capturing alpha with individual, sized-up ‘best ideas’ positions while managing risk exposures tightly.

The fund has launched with several pension funds and institutions on board as anchor investors, amounting to €191 million in assets so far. The fund is aimed largely at pension funds, family offices and high-net-worth individual investors, predominantly in Germany, Switzerland, the UK and Scandinavia.  

Commenting on the launch, Markus Matuszek, CIO of M17 Capital Management, said: ‘Our investment approach is aimed at being bottom-up, market-cap agnostic yet liquidity cognisant.

‘We apply a rigorous, fundamental and value-oriented approach using consistent decision making processes to minimise human bias. Both our long and short ideas must generate alpha across various investment time horizons.’

Matuszek is the founder and managing partner of M17 Capital Management and has extensive experience in the asset management and alternatives industry. He previously led the asset management and advisory firm Hermes Capital Management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016