Hedge Fund Review – Satirical magazine Private Eye has launched the Curse of Lord Gnome Fund. The fund launches with £200m, targeting annualised returns of 20% with volatility between 8% and 10%.
The fund will follow four key strategies: aggressive shorting of any company that has threatened or has sued the magazine, an aggressive activist strategy particularly targeting media holdings within the Murdoch empire, foreign exchange arbitrage targeting the US dollar vs the rest of the world and a hybrid private equity looking at opportunities in alcohol and weapons of mass destruction.
