Long/short European small cap fund

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Newly formed Edinburgh-based fund manager Euronova has launched a long/short small cap European equi...

Newly formed Edinburgh-based fund manager Euronova has launched a long/short small cap European equities fund. Fund managers David Houston and Amanda Swanson, who launched and ran three Kempen Orange funds until March of this year, will manage the 35-40 stock portfolio. The fund aims to produce positive absolute returns in excess of a risk-free rate equal to the 12-month Euro LIBOR rate. The Euronova Smaller Companies fund is Cayman Islands registered and is listed on the Irish Stock Exchange. The minimum amount that can be invested is E100,000. There will be a 1% management fee and a 20%...

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