Launches & Closures

Swiss firm starts equity fund focused on directors’ dealings

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Swiss Investment Managers will this month launch the Directors Dealings Fund – which is believed to be the first hedge fund in Europe and the US investing solely in the reported share dealings of company directors and senior corporate executives in their own firms.

Investing in listed companies, DDF will base its long/short investment decisions on publicly announced reports of transactions by company directors and senior management who are using their own money to buy or sell equity in their own firms.

SIM’s fund managers say they will employ a counter-intuitive approach, using a contrarian interpretation of directors’