Launches & Closures

Another US-based absolute return manager unveils UCITS-compliant fund


360 Global Capital is the latest New York-based investment advisor to launch a UCITS-compliant fund.

The firm manages the 360 Global Capital fund, a global long/short equity fund launched on 20 August 2008, on which the UCITS strategy is based.

Enrique Abeyta:360 Global Capital 

The strategy takes a global industry-centric approach to investing with a heavy emphasis on long and short opportunities, tactical trading and quantitative risk management, according to the 360 fund factsheet.

The strategy focuses on seven industries: media, telecom, energy, utilities, industrials, materials and transports.

The investment universe consists of 1,250 companies