The plan is not yet finalised and is still subject to approvals both internally and by the regulators, but an Autumn launch is being targeted, Anderl said.
Should it clear any remaining hurdles the fund will follow a similar strategy to Anderl’s European Opportunity Unconstrained fund which has been a strong performer over recent years. That fund returned 15.7% last year, 28.4% in 2013 and 25% in 2012, comfortably outstripping its benchmark, the MSCI Europe index.
That fund has a long/short strategy and targets companies across all sectors with varying market caps.
The same management team will run the new fund, with Anderl supported by portfolio manager Jeremy Leung and analyst Richard Williams.
A test portfolio is already being run and Anderl said the performance has been ‘very good.’
The European Opportunity Unconstrained fund has seen a flood of new money since 2015 began, Anderl said. At the turn of the year the strategy had around €1.9bn under management and just over two months into 2015 it has amassed €3.2bn.
Concentrated Alpha is a boutique which sits within UBS but has independence in making investment decisions. It already has a long-only global equities fund but the proposed new fund would be its first global long/short fund.
