Neptune Investment Management is rolling out global long/short fund, Money Marketing reports. The fund, which will be managed by Robin Geffen and Ted Alexander, is benchmarked against the MSCI World Index. The new fund, which will be launched on November 1, is a directional fund with the ability to go net short, or above 100 percent long. The net positions, long or short, will depend on the extent to which Neptune is bullish on the market.
The product is likely to be approximately 150 percent gross or 120 percent net. The fund targets an average exposure of 15 percent to emerging markets in each sector for reflecting the global gross domestic product balance.
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