Asian hedge fund manager Global Value has announced that it is launching the Global Alpha Long Short Fund, which aims to encompass the Global Value Plus strategy with a short overlay portfolio encompassing short equities, ETFs (Exchange Traded Funds) and index futures.
The new fund will be brought to market on 1 October 2006 and is seeking to raise up to $100 million in its initial launch, with a target of $1 billion within five years.
“We are highly successful at seeking out high growth quoted equity anomalies across the spectrum of market capatalisation globally,” says Anthony Rawlinson, the MD of Global Value. “The same, bottom-up research process can equally be applied to overlay this with a short strategy to capture additional returns and to help mitigate volatility and systematic risk.”