Bringing you live news and features since 2006 

NewSmith launches European UCITS Long/Short Fund


NewSmith has launched the NewSmith European Fund, a UCITS long-short equity fund for UK and European investors.

The fund will be managed by Jean Maigrot, European Equity Investment Leader at NewSmith.  Jean has 28 years’ experience of trading European equities, and was previously head of trading teams at Salomon Brothers (1992-1996), HVB (1998-2001) and ABN Amro (2002-2007). He joined NewSmith in 2007.

The fund’s investment strategy is equity long/short focusing on large cap European stocks.  It will follow the same strategy as NewSmith’s offshore long/short equity fund which has a strong seven year track record, posting 29% net returns since inception on [date] (vs. the Eurostoxx 50 return of -29.1%).  This included a +9.9% return in 2008 (vs. market fall of 45.2%) demonstrating excellent risk-adjusted and alpha returns in rising and falling markets, from both long and short positions.
Cornerstone investors have already committed $35 million in seed capital to the UCITS fund. It will be domiciled in Dublin and have daily dealing in four share classes, Euro, USD, GBP and Yen.
Chairman Paul Roy says: “We have seen strong demand from investors for access to our long/short European investment strategy, and this, together with the growing popularity of UCITS structure, drove our decision to launch the fund.”
NewSmith’s European Equity Investment Leader Jean Maigrot, says: “Many European stocks are trading at a wide discount to US equities. At the same time we are concerned about the outlook for European economic growth, so we see opportunities in long and short positions.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by