Abaco set for major asset leap to $300m


Abaco Financials, the market-neutral financial sector fund run by Inigo Lecubarri, Louis Rivera-Camino and Martin Deurell on the PCE Investors platform, has lined up additional inflows for 1 August that should take fund assets to $300 million – a rise of around 45% from its current size of just over $200 million.

The fund, which has made positive returns every year since launching in June 2003, recently surpassed its pre-crisis AUM peak of $180 million.

The newly-committed capital comes from a combination of new and existing clients, and Lecubarri says that the majority is pension fund money. Pension