Paris-based alternative manager Phileas Asset Management is entering Spain some months after landing in Switzerland and Germany at the end of last year.
The Spanish National Securities Market Commission (CNMV) has authorised the French manager to distribute its L/S market neutral fund in Spain.
Phileas Long/Short Europe is a European Ucits-compliant mutual fund, investing in European equities via a long/short market neutral strategy. The Fund's investment objective is to generate absolute performance with low volatility.
Phileas AM also manages the Phileas Equity Europe, a European equity fund that replicates the structure of Phileas L/S Europe's long portfolio.