Geffen and Alexander reveal sector positions on long/short fund

Ted Alexander and Robin Geffen have revealed potential positions for their global long/short fund, to be launched on 1 November.

The fund, which marks Neptune's first foray into the long/short space, will be overweight technology, materials and industrials sectors while shorting financials and healthcare. The group believes the Global Long/Short Sector fund will be the first of its kind in that views on sectors will be expressed by baskets of between 20 and 50 swaps constructed for Neptune by prime broker Morgan Stanley. Geffen will feed in ideas on global sector overweights and underweights to Alexander, who will be responsible for implementing positions. On the long side, the fund will back IT: "There has ...