Hedge Funds

Dublin-based firm launches new equity long/short UCITS fund


Dublin-based Bloxham is launching a UCITS III fund that uses hedge fund strategies in October this year.

The Bloxham Midas Global Absolute Return Fund is aimed at UK investors and has between 25 and 40 long/short stock positions spread across five sectors – defensives, early cyclical, financials, late cyclical and technology. Cash will be used to help reduce volatility and the average position is likely to be around 35%.

Kevin McConnell

Kevin McConnell, lead fund manager and director of investment strategy for Bloxham – the oldest stockbrokers in Ireland, said: “The technical analysis model has been stress-tested for more than 10 years and is built to combat the worst market conditions