RA Asset Management, a new UK asset management house, has launched its first product, an offshore he...
RA Asset Management, a new UK asset management house, has launched its first product, an offshore hedge fund.
The Sirius Alpha, a global macro fund, will cover 710 broad sectors including long dated bonds, short term interests, currency plays and commodities such as metals.
Jonathan Riley, director of the fund, said the offshore Oeic would not have initial charging and would aim to achieve returns around 25% that are non-correlated to equity market performance.
The dollar denominated fund will have performance related fees and is targeted at high net worth individuals seeking absolute returns on assets and alternative investments without flat fees.
The fund has a 1% asset management charge with 20% of new net profits as a performance fee for the fund manager with a high water mark. Riley said he hopes to raise $25-30m in the first three to six months.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation