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Gareth James, head of hedge fund solutions, LFG

Act II Capital launches equity newcits with LFG

New York hedge fund, Act II Capital, has today launched an onshore UCITS version of its equity l/s Act II Capital Fund. Entitled the Act II Specialist Equities Fund, the Lux-domiciled SICAV, launched with USD50million, is available to investors in Sterling, Euro and US Dollar share classes. Luxembourg Financial Group has been chosen to support the fund on its Liquidity Alpha UCITS Platform. It becomes the fourth fund to start trading on LAUP, with the likes of Sabre Fund Management and Castlerock already onboard. Five further funds are in the pipeline.

The Act II newcits will follow a similar investment strategy to the offshore fund with economic growth sectors in the midst of multi-year secular transformation taking primary focus: US all-cap companies involved in the production of smart phones, tablet computers and video games across media, technology, internet, consumer and telecommunications will be targeted, with Act II performing bottom-up fundamental analysis to generate outperformance. Since it launched in ’02, the Cayman fund has delivered annualized returns of 10.4 per cent.
Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund,” confirmed Michael Didier, a partner in the Act II Capital SICAV. Commenting on the latest addition to LAUP, Gareth James (pictured), LFG’s head of hedge fund solutions said that the fund brought UCITS investors access to an exciting investment area with “real growth potential”. “Unlike most index chasing funds in their sector,” said James “they have shown risk management capabilities in managing down periods and have generated real alpha from their sector.”


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