The removal of the fund’s index futures hedging overlay capacity was finalised on 12 April, completing the conversion from an equity-hedge product to long-only equity.
Explaining the decision, Heptagon cited “strong investor demand” to increase the fund’s focus on equity characteristics.
Eran Ben-Zour, partner at the firm, said: “We are experiencing a strong investor demand for a plain vanilla version [of the fund] that just focuses on global equity names without trying to mute market volatility through a derivatives overlay.”
Managed in-house, since launching four years ago the Helicon Fund has return 8.4% against the MSCI All-Country World Index figure of 7.7%.
