The LO Funds Fundamental Equity Long/Short Fund offers investors weekly liquidity and is available in Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Sweden and the UK, with registration in Switzerland pending.
Launched today, the Luxembourg-domiciled fund allocates capital to five sector teams under the management of the strategy's chief investment officer, Steve Bulko.
The sector teams will individually focus on consumer, industrials, healthcare, TMT (technology, media and communications) and energy, and will apply bottom-up fundamental analysis to achieve what the company describes as “low correlation with equity markets”.
The fund has a minimum investment of $3,000 and a performance fee of 20% above the high water mark.
Bulko said: “Investors want managers who can generate returns across market cycles.
“An absolute return approach, we think, is the best way to achieve this because a portfolio manager can go both long and short.”
Headquartered in Geneva, LOIM manages $47.7bn on behalf of clients.
The company is a unit of the Lombard Odier group, which today appointed Henry Fischel-Bock as its new head for domestic European private client business.