Last updated: 08:12 / Wednesday, 31 August 2016
Long/short equity fund

Kingdon Capital Management Launches a UCITS Fund Using Lyxor AM's Platform

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Kingdon Capital Management Launches a UCITS Fund Using Lyxor AM's Platform

Kingdon Capital Management has launched a UCITS version of its long/short equity fund. According to HFMWeek it has done so using  Lyxor AM's Platform.

The Lyxor/Kingdon Global Long-Short Equity Fund was registered in Ireland on July 22. It is an open-end fund incorporated in Ireland that invests in publicly-traded equity securities and equity derivatives in global Markets. Its objective is to achieve attractive returns, over market cycles with a strong focus on capital preservation through diversification, risk management and stock selection.

Lyxor AM, a subsidiary of Société Générale, has been looking to grow its alternative UCITS offering as Philippe Ferreira told Funds Society (in Spanish piece) some months ago, these type of funds, " have proved that they are able to offer similar returns as equities with a third of their volatility which explains why investors such as pension funds have grown their interest in them.”

Kingdon Capital Management, founded by Mark Kingdon  in 1983, is an employee owned hedge fund sponsor. It invests in the public equity and fixed income markets using long/short strategies to make its investments. It employs fundamental analysis along with combination of bottom-up and top-down approach to create its portfolio and is based in New York, New York.

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