- Advertisement -
- Advertisement -

Related

RFP: U.S. Firm Eyes Long/Short Equity Allocation

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – A large U.S.-based financial group on the East Coast is seeking to allocate between $30 million and $50 million to a global or U.S. long/short equity manager, as outlined in a request for proposal on Global Fund Search. This investment will be part of a global multi-strategy 40-act mutual fund, with potential for increased allocation over time based on performance.

Strategy guidelines

  • Universe: Global or U.S. long/short equity
  • Return target: Strategy’s benchmark + 2-3% net alpha
  • Style: Ways to reduce drawdowns are desired
  • Net exposure: 0-60%
  • Instruments allowed: Liquid assets only, no private/ illiquid assets (Hard requirement)
  • Fee structure: a flat fee of 90bps or lower (Hard requirement)

Other requirements:

  • Track record: Minimum 5-year track record (Soft requirement)
  • Minimum Strategy AUM: $500mm (Soft requirement)
  • 40-act experience: The fund manager should have recent experience sub-advising 40-act mutual funds.
  • Reporting: Monthly/ quarterly review of performance and attribution across strategies

Investment vehicle

  • Vehicle: separately managed account in USD
  • Liquidity: preferably monthly, quarterly accepted

Performance data

Gross of fees, net of trading costs

Process 

The replies to this RFP will be used as the first screen (1st round). Managers qualifying for the 2nd round will be asked to answer additional questions and provide further information. A final shortlist will follow from the 2nd round.

Deadline
January 24, 2025 (Cut-off: Midnight CET, Expiry date inclusive)


To review the search and apply, asset managers need to register here on globalfundsearch.com and locate the RFP with ID: 8HCDQ.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.