February 17, 2006

Latitude Capital launches new hedge funds

Latitude Capital Management recently launched two onshore single strategy hedge funds. The new hedge funds specialize in Japanese equities. These are Latitude Alpha and Latitude Japon.

Launched by the French asset manager, Latitude Alpha is a long/short market neutral fund. On the other hand, Latitude Japon is a long only fund. In case of the former, the investment portfolio consists of the 430 largest and most liquid stocks in Japan. Also, the fund is not sector neutral and has a management fee of 2 per cent.

The latter, that is, Latitude Japon can be traded weekly with no lock up and a two-day notice. The management fees for this are as low as 0.25 per cent.
Hedgeweek reports:

Onshore hedge funds are new products in France. The French market authority (Autorité des Marchés Financiers - AMF) issued a new legal framework in 2005, which allows the creation and marketing of single strategy hedge funds in France under very strict conditions.

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February 17, 2006 in Emerging Markets | Permalink




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