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Argonaut Barry Norris

Argonaut launches sterling-hedged share class for European Alpha Fund

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Argonaut Capital, the GBP1.4 billion specialist European equity asset manager, has launched a sterling-hedged share class for its GBP395 million FP Argonaut European Alpha Fund.

The sterling-hedged share class, which has been launched in response to growing demand from clients, provides an option for investors wishing to protect against, or potentially benefit from, fluctuations in the euro/sterling exchange rate.

“UK investors often have strong views on the euro. Fears of a Brexit have recently triggered significant weakness in sterling, which may reverse post-referendum in the event of a pro-EU result,” says Barry Norris (pictured), Argonaut founder and manager of the FP Argonaut European Alpha Fund, says. “Therefore the time is right to offer a hedged share class option for Alpha unitholders wishing to protect themselves against future euro weakness.”

The FP Argonaut European Alpha Fund follows Argonaut’s distinct ‘earnings surprise’ investment philosophy, which distinguishes Argonaut from the vast majority of managers adhering to either a growth or value bias. This process has delivered strong performance over the short and long term.

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