Scopia Capital to launch market neutral strategy on Kepler's UCITs platform
New York-based hedge fund manager Scopia Capital Management is to launch a new market neutral UCITS fund – the Scopia Market Neutral Strategy – on Kepler Partners' Kepler Liquid Strategies (KLS) UCITS platform at the end of the second quarter of the year.
Scopia, which was founded in 2001, says that over the last two decades, the strategy has demonstrated the ability to generate "significant and uncorrelated returns" due to the "deep experience" of its senior team and a "well-tested, fundamental investment process".
The fund's investment team, which is led by Scopia's co-founders Jeremy Mindich and Matt Sirovich, focuses on mid-cap opportunities in the consumer/retail, financials/business services, healthcare, industrials and technology/telecom sectors.
The strategy originally launched in April 2001 and, according to Scopia, has generated consistent returns while displaying low correlation to traditional asset classes through multiple market cycles.
The proposed UCITS fund will be daily dealing and closely track the Scopia Market Neutral Strategy.