Cube opens up three-year-old contrarian CGO event strategy to outside investment
Mon Jul 23, 2012
Having built a strong three-year track record in tumultuous markets, the diversified alternative investment firm is opening access to its Cube Global Opportunities Fund – which focuses on sectors facing disruptive changes
Cube Capital, the diversified alternative investment firm with around $1.3 billion under management, has opened up its event-driven Cube Global Opportunities (CGO) Fund to outside investors for the first time since launching the strategy in 2009.
The single-manager hedge fund, which is overseen by senior portfolio manager Nick Linnane, takes a relatively unusual approach to event-driven investing – focusing on sectors facing disruptive changes that are likely to dissuade traditional investors and therefore create attractive entry points for the CGO Fund.
The fund invests long and short in equity, debt and derivative securities, and has a global remit – but emphasises opportunities in Europe and Asia due to the firm’s presence in London and Hong Kong.
The CGO Fund launched internally in May 2009 with around $50 million of Cube money. Thanks to positive performance and additional allocations by the firm, the fund now manages $100 million...
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