NewSmith chooses UCITS
March 08, 2011
NewSmith Asset Management decided to launch its global long/short equity hedge fund using the UCITS structure because it offers investors increased transparency, liquidity and a high level of regulatory oversight.
NewSmith Global Absolute Return Fund launched in September 2010. It is one of four sub funds under an Irish-domiciled umbrella, which includes a long-only version of the global long/short equities fund and an emerging markets UCITS hedge fund.
It targets a return of 12% to 14% net of all fees. The fund is up 6.5% in the first six months since launch.
London-based Simon Roberts, portfolio manager for London-based...
The full contents of this article are available to active Absolute UCITS subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial or subscribe to Absolute UCITS.
Subscribers have unlimited access to all current content, including UCITS fund performance Live League Tables. Start your subscription today - click on the button below.