product launch
Magnum Global Investments has sponsored the launch of two offshore US equity hedge funds - a market neutral fund and a small-cap long/short fund. The CM Market Neutral fund will use a pairing strategy to match long and short positions in an attempt to guarantee positive returns in any market conditions. The fund has been launched on the back of an almost identical fund run by the same manager, Patrick Adams. Adams' US limited partnership has performed well since launch, with a 22.7% gain and 7.5% volatility versus a loss of 13.8% on the S&P 500 since the fund partnership started trading ...
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