Launched on 23 June, 2009, the fund has now reached $1bn in assets under management so its managers, Philippe Isvy and Pierre Valade, have decided to call a temporary halt to accepting new money. It reached this mark having held just over $400m at the start of this year.
The Dublin-domiciled fund is long/short market neutral, investing primarily in continental European equity markets (mainly French), targeting absolute returns of 10% per year net of fees with low volatility.
It follows a fundamental investment strategy using technical analysis and s focused on an investment universe gathering between 300 and 350 large and mid-cap stocks, the average holding for which is 40 days.
