Heptagon Capital Launches New L/S U.S. Equity UCITS Fund

Oct 17 2017 | 9:17pm ET

London-based asset manager Heptagon Capital has partnered with long/short equity specialist Kettle Hill to launch its first UCITS-compliant fund. 

The new vehicle, named the Heptagon Kettle Hill U.S. Long Short Equity Fund, was launched on October 5, according to an article in Citywire. Traded daily and unlevered, it is managed by New York-based hedge fund Kettle Hill Capital Management and is the first L/S equity manager to be on-boarded to Heptagon’s €1.7 billion Irish UCITS offering, the article noted.

Kettle Hill’s CIO, Andrew Kurita, leads the investment team and utilizes a combination of value and momentum investing to generate superior returns, along with a focus on the less efficient small-cap sector of the U.S. market. Kettle Hill was founded in 2003. 

The new fund is in the process of being passported for sale in Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, UK and Singapore.

Heptagon Capital was founded in 2005 by former Morgan Stanley executives Eran Ben-Zour, Tarek Mooro and Fredrik Plyhr. The firm currently manages approximately $8.3 billion in assets.

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