Lyxor Asset Management has teamed up with UK firm Portland Hill to launch a global Ucits equity fund which will combine Long/Short and event driven strategies.
The new Lyxor/Portland Hill fund will be launched on Lyxors’ alternative Ucits Platform and targets the European Equity universe. Making use of a Long/Short strategy, the fund will target predominantly mid cap companies based on events such as changes in business models, industry trends or corporate restructuring.
The insights for this strategy will be provided by Portland Hill, which specialises in research on mergers and acquisitions, recapitalisations and restructuring.
The fund is domiciled in Ireland and has €28.9m in assets under management. It is available in retain and institutional share classes at a minimum investment of €10.000 and €100.000 respectively.