WEST PALM BEACH, FL (HEDGECO.NET) – BAREP Asset Management has announced the launching of its latest hedge fund, the BAREP Condor Long/Short equity fund. The new portfolio was seeded with about $100million according to a recently released statement. The managers of the new fund hopes that managed assets will ultimately grow to about $300 million. According to the report, the Condor long/shortequity portfolio will be incubated for about six months, as investors are being courted.
The new strategy is also targeting institutional investors; hence the fund will employ low levels of volatility in trading according to the released statements. Fee structure and minimum investment were not immediately provided.
The new portfolio will be devoted primarily to large-cap issues, to be comprised of mostly European stocks according to the report. The fund is to be managed by Oliver Rufflet, a veteran hedge fund manager, specializing in European equities, his track record spans over a 15 year period.
Barep creates, manages and distributes financial investment vehicles for authorized investors. The firm has developed innovative risk management systems overseeing over 5.36 billion euros for third parties; with the objective of optimizing the portfolio regardless of market conditions, according to BAREP statements.
Some of its managed portfolios include; Managed Futures, Emerging Market Debt, Multi Manager products, Arbitrage transactions (interest rates, global macro, equity), Weather & Insurance Derivatives, and Money Market.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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