Launches & Closures People Moves

Northwood adds third PM, rolls out enhanced version of equity flagship

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Northwood Capital, the long/short European equity fund run by experienced equity traders David Price and Paul Deslandes, has added a third portfolio manager to the team and is rolling out a twice-levered version of the well-performing flagship Northwood Capital European Fund.

The new Northwood Capital European Enhanced Fund, which launched in May with partners capital and is now managing $32 million, will target annualised returns of 14-20% on annualised volatility of 5-8%. Typical exposures will range between 200-300% gross with a cap at 400%, and net exposure in the range of +/-10%.

The leveraged fund will replicate the strategy