Act II Capital Specialist Equities Fund launches as UCITS III
01. Apr 2011
• Launched on 1 April 2011
• Initial size USD 50m• Daily liquidity UCITS III Luxembourg SICAV, operated by Luxembourg Financial Group
• Will follow the Act II Capital Fund, which has delivered 10.4% annualized returns since launch in 2002.
• 4th fund to start trading on LFG’s Liquid Alpha UCITS Platform (LAUP), with a further 5 funds to be launched shortly.
LONDON / LUXEMBOURG, 1 April 2011
The Act II Specialist Equities fund, an innovative fund of the Act II SICAV, has been launched, with daily liquidity that will precisely follow the investment strategy of the Cayman based Act II Capital Fund and is initially available in British Pound, Euro, and U.S. Dollar share classes.
● The Fund, like the Act II Capital fund, will practice a long/short equity strategy focused on the bottom-up, in-depth fundamental analysis in the media, leisure, Internet & consumer, technology, business services, and telecommunications sectors across all capitalizations in primarily United States based companies.
● The fund’s investment universe consists of growth areas in the economy (Internet, Smart Phones, Tablet Computers, Video Games, etc.) that are in the midst of a vast, multi-year secular transformation, which will result in many winners and losers.
● The Act II Capital Fund was incepted in March 2002 and has annualised returns of 10.4%. The fund generated a positive net return of +4.14% in 2008 compared to losses of -37.00% for the S&P 500 Index and -26.65% for the HFRI Equity Hedge Index.
Michael Didier, a partner in the Act II Capital SICAV, explains “We are really excited about being able to offer our award winning fund in UCITS III form. Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund.”
The new fund has been set up as a Luxembourg UCITS III SICAV in partnership with Luxembourg Financial Group (“LFG”).
Gareth James, head of hedge fund solutions at LFG, adds “We are really excited about bringing Act II to LAUP. They bring UCITS investors access to an exciting investment area with real growth potential, but unlike most of the index chasing funds in their sector, they have shown risk management capabilities in managing down periods and have generated real alpha from their sector.”
CONTACT
Act II Capital
CONTACT
Michael Didier
Client Relations
T : +41 646 374 8315
mdidier@actiipartners.com
Luxembourg Financial Group
Gareth James
T: +44 20 7337 2216
gareth.james@lfg.lu
www.lfg.lu
About Luxembourg Financial Group
Luxembourg Financial Group is a structured products boutique and specialist asset manager with offices in Luxembourg, London, Bahrain and Stamford CT. Its hedge fund division offers fund managers a range of solutions, from setting up UCITS III funds to certificate & Sharia wrapping and structured products. Delivering superior client service, transparency, innovation and product quality, Luxembourg Financial Group continues to expand its assets under management rapidly, with $5bn of assets under management or issuance.
Its in-house distribution platform for UCITS III funds, Liquid Alpha UCITS Platform (“LAUP”) is rapidly becoming the leading independent platform for UCITS hedge funds
About Act II
Founded in 2002, Act II Capital LLC is an equities manager based in New York, specialising in investing in sectors including media, internet, technology and telecom in primarily the US markets. Founded by Dennis Leibowitz and Darren Sardoff, who remain principals and co- heads of the 5 person investment team, Dennis and Darren have over 5 decades of successful investment experience in their respective sectors. Act II has $325m of assets under management.
Although a new fund, the Act II U.S. Equities Fund’s portfolio will follow Act II’s offshore funds that runs the majority of their current assets to the same strategy, which has a continuous track record going back to 2002. Act II have been an SEC registered investment advisor since 2002.
About The Funds
Act II Specialist Equities Fund, a sub-fund of the Act II SICAV.
Management Company: Luxembourg Financial Group Asset Management S.A
Investment Manager: Act II Capital, LLC
Share Classes: A-USD. ISIN LU0610432683 / B-EUR. ISIN LU0610432923.
Administrator & Custodian: Caceis Bank, Luxembourg
Auditor: PWC Luxembourg