Fortis Prime Fund Solutions (FPFS) has been appointed administrator to the Farema Fund, a new fund launched by industry veteran Emanuele Antonaci.
FPFS will provide the full suite of fund accounting services to Farema, as well as investor and corporate secretarial services.
"We chose FPFS as our administrator as a result of their knowledge of Luxembourg fund structures, strong operating platform, and a recommendation from an existing client,” said Antonaci, who founded Theorema Fund Management in 2001, following a successful career as portfolio manager at Fidelity. “ We’ve been very impressed with the level of service that we’ve received to date, especially the pre-launch assistance"
Farema Capital began trading in March 2010. The fund follows a ‘value plus catalyst’ approach typically using a total of 40-60 positions and a -20/80% net exposure range. The PM has a large mid cap bias which has allowed major value creation in his previous funds focusing on ‘under-researched’ stocks or adopting a ‘contrarian’ style. The PM will have two long/short experienced analysts and a trader working with him and will focus on a universe of 400 companies which the manager has regularly met and followed through the last 15 years. Strong emphasis will be given to risk control.
"We have always had a policy of working with a selective number of high quality new launches each year, and with the experience and track record of their principal, Emanuele Antonaci, Farema is a perfect fit for us,” said Charlie Woolnough, European Regional Director for Fortis Prime Fund Solutions. “We are delighted at the opportunity to partner with such a professional management company and we look forward to helping them grow their business."
