Neptune is launching a global long/short fund for founder Robin Geffen and Ted Alexander on 1 November.
The Neptune Global Long Short Sector fund, a directional fund, will invest in ten different sectors across the globe, holding large liquid stocks, with short positions established through swaps written against the same baskets. The sector baskets, each holding between 20 and 50 positions, will be constructed for Neptune by prime broker Morgan Stanley. The managers will be able to gear the fund should they take a positive view on market direction. Geffen will feed in ideas on global sector overweights and underweights to Alexander, who will be responsible for implementing the long and ...
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