The Sherriff-Robinson Global Opportunities fund, a global long/short equity portfolio with stock sel...
The Sherriff-Robinson Global Opportunities fund, a global long/short equity portfolio with stock selection based on catalyst identification and sector analysis, is to launch by the end of May.
The fund's team includes Chris Harborne and Charles Horner, principals and founders of MCL Research and Sherriff Global Research, Christopher Rowe, former managing director of Sherriff Research, and David Robinson, formerly of Sofaer Capital. The team hopes to raise between $10m and $30m, seeded from family groups and key institutions.
The performance target for the fund is 20% per annum with volatility contained to swings of no more than 10% a month. The model has been hypothetically trading since the beginning of March and had achieved a return of 5% at the end of April.
The team will apply its proprietary research capability to identify and develop investment ideas based on more than 1,000 companies worldwide. Fees are 1% management and 20% incentive with a high water mark.
Underperformance still present – for now
Regtech or fintech
15% increase in number of claims paid
Open architecture philosophy
Inflation above 2% for first this this year