New management company Vallea Capital has launched the long/short Vallea fund, advised by the investment management consultancy, Laven Partners.
The fund will exploit long and short-term opportunities through investments in fixed-income, foreign exchange and global stock indices.
Managers will aim to reserve capital and manage risks associated with adverse financial markets through diversification and hedging, said Vallea Capital.
Endeavouring to raise $100m in the first 12 months, the fund is co-managed by Alessandro Palmarella and Pascal Monnerat, who have worked together at the fund advisory company, BelleVue Conseils Sàrl for eight years.
Monnerat, director at BelleVue Conseils Sàrl, said: “Our extensive experience, which has included managing money in times of market disruption, has enabled us to develop the expertise and non-correlated investment style to deliver above average absolute returns with low volatility in all market environments. This is particularly valuable to investors in the current adverse economic conditions.”
Laven Partners provided all structuring services and arranged the incorporation of the fund and its offshore management company in the Cayman Islands. It also managed registration with the local regulator and procured directors and management services for Vallea Capital.
KPMG, Citi Group Global Markets and Swiss Financial Services have also been involved with the fund launch.
Jérôme de Lavenère Lussan, director at Laven Partners, said: “The Vallea Fund has a high-quality team of experts behind it and an interesting dynamic equity and macro strategy.”
Minimum investment in the fund is €100,000 with a 2% management fee. There is also a performance fee, annual rate of 20% subject to the high-water mark of the company’s net new profits accrued monthly on each dealing day and paid quarterly in arrears.
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